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Wind Industry
German Wind Energy Startup Takes in EUR 750 Million
Berlin renewable energy company Nextwind says it has taken in three-quarters of a billion euros in its latest round of financing.
Aug 10, 2023
The firm currently runs ten wind farms with a total capacity of 150 megawatts and wants to expand dramatically, doubling its output.
“The investment is a positive sign for the German market,” co-founder Lars Meyer told business newspaper Handelsblatt. “For us, it offers the chance to become one of the biggest green electricity producers in Germany.”
Nextwind specializes in “repowering,” re-equipping 10- to 15-year-old wind farms with newer, more efficient wind turbines. It’s something of a trend in Germany. In 2022, one quarter of the more than 550 turbines that went operational in the country were part of repowering projects.
