Hamburg-based independent power producer NEAG Norddeutsche Energie AG (“NEAG”) has successfully secured a construction financing facility from RGREEN INVEST, a leading French fund manager specializing in energy transition and climate-resilient infrastructure. The funding, totaling €58 million, will support the construction of two new onshore wind farms in Germany, with a combined installed capacity of 44 MW. Capcora acted as exclusive financial advisor to NEAG.
The two projects, located in Mecklenburg-Vorpommern and Saxony-Anhalt, in Germany, will be equipped with the latest generation of wind turbines supplied by German manufacturer eno energy. Both sites benefit from long-term feed-in tariffs awarded under Germany’s Renewable Energy Sources Act (EEG) and will be operated under 20-year full-service agreements.
This transaction reflects RGREEN INVEST’s broader strategy to accelerate the decarbonisation of energy systems by supporting locally developed infrastructure based on European technologies. It also illustrates the firm’s capacity to design flexible financing solutions tailored to the specific needs of independent developers.
“This financing marks an important milestone for NEAG in the realization of two new wind projects. It allows us to move forward swiftly and reliably in construction, while staying true to our strategy of building a long-term, diversified renewable energy portfolio together with institutional partners. We are pleased to have found a financing partner who shares our commitment to regional value creation and Europe’s energy transition,” said Nik Piening, CEO of NEAG.
“This financing reflects our commitment to supporting independent developers involved in solid, locally anchored projects aligned with Europe’s industrial and climate goals. By supporting the European supply chain, we help strengthen the continent’s energy sovereignty,” said Mathilde Ketoff, Head of Debt Investment at RGREEN INVEST.
“We are proud to have supported NEAG in structuring their second bridge financing transaction in 2025 alone. This continued collaboration highlights the strength of our client relationships and our commitment to building long-term partnerships with leading IPPs,” commented Alexander Enrique Kuhn, Managing Partner at Capcora.
NEAG was advised by Terpitz Rechtsanwaltskanzlei. Simmons & Simmons Germany, with a team around ENRI head Dr. Jens Gölz, served as legal advisor to the lenders.
About NEAG
NEAG Norddeutsche Energie AG is an independent power producer (IPP) founded in 2016 and based in Rostock, Germany. The company manages over 500 MW of operational onshore wind assets and development projects. NEAG structures and manages investment vehicles that are primarily backed by institutional investors seeking long-term, stable cash flows and exposure to professionally managed renewable energy infrastructure. Today, NEAG generates several hundred gigawatt hours of green electricity annually, contributing significantly to CO₂ reduction efforts. In 2024 alone, NEAG’s wind portfolio generated 570 gigawatt hours of renewable electricity.
About RGREEN INVEST
RGREEN INVEST is a Paris-based investment management company, with over fifteen years’ experience financing the energy transition. B Corp-certified, and a mission-driven company, RGREEN INVEST brings European entrepreneurs in the industry a comprehensive tailored range of financial solutions, in both equity and debt, to support their growth. RGREEN INVEST’s purpose is to accelerate the energy transition, strengthen energy sovereignty and independence, and mitigate climate change while fostering adaptation. With 50 specialized and experienced professionals, RGREEN INVEST has already supported over 3,000 projects mainly in Europe amounting to more than 3.4 billion euros managed since inception.
About Capcora
Capcora is an independent financial advisory boutique specializing in M&A and project finance services to accelerate the energy transition in Europe. Founded in 2015, the Frankfurt-based company helps its clients succeed in the renewable energy and infrastructure sectors by advising them on sell-side and buy-side transactions, and by raising mezzanine, unitranche or senior debt.
www.capcora.com