References

LTA - Offshore Windfarm Gode Wind 1

ONP MANDATED AS LENDERS TECHNICAL ADVISOR

For the first time Talanx is financing an offshore wind farm with a structured bond

Hamburg. ONP Management GmbH was appointed Lenders Technical Advisor for Talanx Asset Management GmbH, acting as the leader of a group of institutional investors. Talanx has co-ordinated the project financing for the construction and operation of the offshore wind farm Gode Wind 1 winning the "Europe Renewables Deal of the Year 2015" award as a result. The prize for the best financing transaction in renewable energies is awarded annually by trade magazine Project Finance International (PFI).

By co-ordinating a structured bond of EUR 556 million to finance Global Infrastructure Partners’ fifty percent acquisition of DONG Energy’s Gode Wind 1 offshore wind farm, Talanx acquired a new role on the market. This is the first time that a group of institutional investors under the leadership of an insurer has financed an offshore wind power project. The bond has a maturity of 10 years. For the first time an institutional consortium led by an insurer is financing an offshore wind energy project.
The institutional consortium consists of the following 5 main partners:

  • Talanx Asset Management GmbH
  • SIGNAL IDUNA Asset Management GmbH
  • Versicherungskammer Bayern
  • Gothaer Krankenversicherung AG
  • Metzler Investment GmbH

ONP is member of the Zech Group, with its headquarters in Hamburg. The company was founded in 2014 and is delivering technical advisory and consulting services for Offshore Wind projects. ONP has more than 35 employees, who have been involved throughout their professional career in the development and installation of more than 4.500 MW of offshore wind power. Its senior experts have more than 12 years of individual practical experience in the area of project development and realization of such projects.

Please refer to the Talanx letter of reference