February 2026
LBBW Achieves Double Success
Recognition for the transactions "Magnus" and "Baltyk 2 & 3": landmark financings for wind energy projects in Germany and Poland.
Award-Winning Infrastructure Financing: LBBW Sets Benchmarks in the Energy Transition
At the PFI Awards in February 2026, two infrastructure transactions in which LBBW played a leading role were recognized. Our bank received the "Europe Power Deal of the Year" award for the "Magnus" transaction with "NeXtWind" as well as the "Europe Deal of the Year" award for the offshore wind projects "Baltyk 2 & Baltyk 3".
Both projects exemplify innovative, scalable financing structures and underscore LBBW's role as a leading partner for sustainable infrastructure financing in Europe.
Record Financing for Onshore Wind: NeXtWind
The transaction with NeXtWind is considered one of the largest onshore wind financings in Germany to date. As Mandated Lead Arranger and Bookrunner, LBBW developed a complex platform structure that, for the first time in this form, mobilizes large-scale institutional debt capital for renewable energy projects. Together with other major banks, a financing framework of up to EUR 2.7 billion was structured, providing high planning certainty and maximum scalability.
The innovative consortium structure enables efficient repowering and creates the foundation for further growth: NeXtWind will be able to significantly expand its onshore capacity. The project will therefore make a substantial contribution to sustainable electricity supply, powering up to two million households per year.
Large-Scale Offshore Projects in Poland: Baltyk 2 & Baltyk 3
For the financing of the offshore wind farms Baltyk 2 and 3, LBBW acted as Commercial Lender and ECA Facility Lender while also hedging interest rate risks through tailored interest rate swaps.
Together with around 30 international financial institutions, the financing of the two projects – among the largest offshore wind investments in Europe – was structured.
Located off the Polish coast, the wind farms will comprise 100 turbines, each with a capacity of 14.4 megawatts. From 2028 onward, they will jointly generate 1.44 gigawatts of electricity, enough to supply approximately two million households.
The PFI Awards annually recognize outstanding achievements in the European infrastructure market and set benchmarks for structure, complexity and innovation. The two awarded transactions demonstrate how innovative structuring, strong partnerships and excellent market access can successfully address the complex challenges of the energy transition.
"These awards are more than prizes - they are a signal," emphasizes Jens Heil, Head of Sustainable Energy Finance at LBBW. "They show that LBBW is among the key drivers of scalable, green infrastructure financing in Europe and is advancing the energy transition with reliability and innovation."
With the NeXtWind project, as well as Baltyk 2 & Baltyk 3, LBBW reinforces its position as a driving force in sustainable infrastructure financing. In Germany, across Europe and beyond.
