Ireland: HSH finances wind farm and expansion of transformer station
HSH Nordbank is making available to its Irish client Seahound Wind Developments Limited long-term project finance of just under € 40 million to realise the Letteragh wind farm project in the west of the Irish Republic.
HSH prepares for multi-year transformation – extraordinary effects weigh on Q1 result
As well as recording satisfactory operating performance and savings in the first quarter of 2018, HSH Nordbank also incurred the expected heavy burdens. In addition to the previously recognised annual premiums for the bank levy and the deposit guarantee fund, these included considerable costs related to privatisation.
HSH finances Hamburg residential property portfolio for Round Hill Capital
HSH Nordbank is making available € 113.5 million to Round Hill Capital to buy a largely residential-use portfolio in Hamburg.
HSH Nordbank finances the largest solar park in the Netherlands to date
HSH Nordbank is making available to IB Vogt GmbH EUR 41 million in long-term project finance for the construction and operation of the Scaldia solar park in the Netherlands.
HSH creates basis for privatisation in 2017 and is looking ahead
In the year 2017, HSH Nordbank established the conditions for a successful privatisation, thereby laying the foundations for the future.
Experienced private owners for HSH – remaining legacy assets to be carved out
HSH Nordbank AG is to become a corporate bank with entirely private shareholders, including independent affiliates of Cerberus European Investments, J. C. Flowers & Co., GoldenTree Asset Management, Centaurus Capital LP and BAWAG. The federal state owners Hamburg and Schleswig-Holstein and the Savings Bank Association of Schleswig-Holstein have concluded a contract to sell all of their indirectly held HSH Nordbank AG shares (in total 94,9 percent), thus achieving the first successful privatisation of a federal state bank in Germany.
Infrastructure - HSH focuses on new growth market areas
HSH Nordbank is increasingly backing the growth sectors of broadband, energy contracting and storage in the European infrastructure market - and its efforts have met with success: “In these parts, the competition on this highly attractive market is mainly international. But I see us as the leading domestic name,” said Dr. Marcus Kleiner, Head of Infrastructure & Rail at HSH Nordbank.
HSH Nordbank to finance Brotorp wind farm in Sweden for BlackRock
HSH Nordbank will provide the investor BlackRock with a long-term loan amounting to about € 31 million to refinance the Brotorp wind farm in southern Sweden. The farm with 14 Vestas 126 type wind turbines and a total capacity of 46.2 megawatts (MW) has been in operation since December 2015.
HSH succeeds in entering the Portuguese market with the refinancing of 2 solar plants
HSH Nordbank will provide the independent French energy producer Neoen long-term loans amounting to about € 30 million to refinance two solar plants in Portugal.
HSH financing Carrickallen wind farm project in the Republic of Ireland
HSH Nordbank is providing Galetech Energy Developments (GED) with long-term finance amounting to about € 43 million for construction of the Carrickallen wind farm project in the Republic of Ireland.