XY Wind secures project financing for realization of 9 wind turbines
XY Wind has reached yet another milestone by securing a project financing from ASN Bank. With the project financing in place, the project can now start the construction of 9 wind turbines with a total installed capacity of 47 MW.
XY Wind is a wind farm in the eastern part of Flevoland, in the municipality of Dronten. Already ten years ago, agricultural families in the region envisaged a wind farm on the fields of Flevoland with its favorable wind conditions. Years before the Regional plan of the local governments, the first ideas on how to contribute were initiated. XY Wind has been widely supported by the local community from the beginning, with more than 30 families investing financially in the development of the project.
XY Wind farm is part of Windplan Groen, which is made up of 11 wind farms with a total of 86 wind turbines. With a total installed capacity of more than 500 MW Windplan Groen is the largest onshore wind project in the Netherlands.
The development and financing came about in challenging conditions. The project will install wind turbines from two turbine suppliers and will connect to the high voltage grid via a private distribution network. XY Wind developed and financed this private distribution network together with its partners of Windplan Groen.
Richard Boelens, director of XY Wind: “We are very excited to start the construction phase and to have the sustainable Dutch ASN Bank on board. In the process Ventolines guided us over a clear route to a desired end result. As agricultural entrepreneurs we appreciated the hands-on approach and close cooperation between the involved Ventolines teams. This has provided us with the right amount of control while at the same time allowing us to focus on our agricultural business.”
For ASN Bank the XY Wind project financing is one of three transactions related to Windplan Groen and marks one of their largest single ticket project financing in the renewable energy sector.
Ventolines is proud to have acted as exclusive financial advisor to XY Wind. Ventolines has also acted as advisor in the development, project management, contracting, PPA, construction management and asset management, showcasing once again our unique integral service offering.
For more information please contact Jirin van Santen, Senior Financial Advisor on the transaction, at