HSH Nordbank recognized as the world’s leading renewable energy project lender
New York, March 20, 2008 - HSH Nordbank AG in March received more awards from international industry publications for its innovative project financing structures in the renewables sector.
HSH Nordbank was awarded the high-profile “North America Renewables Deal of the Year” for the financing of 282 MW of new wind energy facilities developed by Noble Environmental Power in New York State. Euromoney Project Finance described the financing as pointing the way forward for the sector. Last year HSH Nordbank acted as Lead Arranger, Joint Bookrunner and Co-Syndication Agent for this USD 560 million financing which was also singled out as the “Environmental Deal of the Year” by Thomson PFI.
Also this month in London, the industry journal New Energy Finance (NEF) awarded a prize to HSH Nordbank for its clean energy finance activities. Having financed projects worth approximately USD 2.8 billion, HSH Nordbank finished 2007 as the Top Mandated Lead Arranger in the NEF Project Finance League Table which reflects all renewable energy project financings undertaken worldwide in the past year.
“These awards testify to our market leadership as a financier in the renewable energy sector. We have a thirty-year track record in this field which is bound to record high growth rates around the globe in coming years,” said Peter Rieck, Deputy CEO of HSH Nordbank, adding: “In order to reinforce our leading position as an international sector specialist, we will tailor our offering of complex financing solutions even more specifically to our target clients’ needs." Klaus Bernhart, Head of HSH Nordbank’s Energy unit established on January 1, said: “Apart from expanding our activities in the core markets in the USA and Europe, we are also looking to enter selected markets in the Asia-Pacific region. Overall, we will clearly strengthen our Energy team of currently 50 experts.”
About HSH Nordbank
HSH Nordbank AG is one of Germany’s major financial institutions with assets of EUR 207 Billion as of 30 September 2007. It offers clients a broad range of innovative financial solutions in all business areas, with particular expertise in transportation, logistics, infrastructure, energy and real estate finance. HSH is the largest pro-vider of shipping finance in the world and a market leader in renewable energy finance. HSH Nordbank AG was created on June 2, 2003 from the merger of Hamburgische Landesbank with Landesbank Schleswig-Holstein (LB Kiel).
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