The loan comes from a group of 13 banks – led by BayernLB, Commerzbank and Deutsche Bank – and has a term of 2.5 years.
The money boosts REpower’s credit lines by 25%, supplanting the €600m in financing it agreed in May 2009.
The loans come at a time of grave uncertainty in the global wind industry, with many of the world’s largest players either swallowing painful losses (Denmark’s Vestas) or predicting sharp drops in earnings (China’s Sinovel).
“The
