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August 15, 2023

NeXtWind Propels Green Energy Revolution with $750M Funding Boost

Berlin's Energy Start-Up Raises $750M to Revitalize Green Energy Solutions and Repower Ageing Wind Turbines in Germany

In a dynamic era of sustainable energy innovation, Berlin's NeXtWind has clinched a significant stride by securing a substantial financing round of up to $750 million. This infusion of capital, orchestrated by Sandbrook Capital alongside the Public Sector Pension Investment Board (PSP Investments) and IMCO, is a robust testament to NeXtWind's profound commitment to reshaping Germany's energy landscape.

Guided by the visionary leadership of founders Lars B. Meyer, Werner Süss, and Ewald Woste, NeXtWind is poised to invigorate its contributions to sustainable energy solutions within Germany. Building upon an already impressive portfolio comprising ten wind farms in Northern and Eastern Germany, the company is steadfastly dedicated to revitalizing the nation's aging wind turbines.

Underpinning NeXtWind's pioneering approach is the fusion of wind farms with photovoltaic systems and cutting-edge battery technology for intermediate energy storage. Werner Süss, a driving force behind the company's transformation, articulates this mission succinctly: "We envision a paradigm shift in energy provision – one that champions green, decentralized, and sustainable energy solutions."

Lars B. Meyer, echoing the company's aspirations, shares the profound impact of this newfound investment. "With our latest partners on board, we're poised to expedite the realization of our business blueprint. By procuring and rejuvenating additional wind power plants, we strive to attain our audacious vision of emerging as a pivotal sustainable power producer within Germany."

The backdrop for NeXtWind's transformative journey is the notable context of Germany's energy landscape. With insights from Deutsche Windguard revealing that Germany possesses Europe's largest onshore wind market, boasting an installed power generation capacity of approximately 58 gigawatts by the close of 2022, the company's ambitions align with a pivotal need for modernization. A staggering 30% of this capacity, comprising roughly 13,000 wind turbines, has been operational for over 15 years, necessitating a transition to newer, more efficient alternatives.

In essence, NeXtWind's alliance with visionary investors and its strategic approach position the company at the forefront of an energy renaissance. As Germany's green energy evolution accelerates, NeXtWind's resounding commitment to sustainability reverberates with the potential to reshape the nation's energy infrastructure and inspire a cleaner and more efficient future.

Josefina Dipaolo
Josefina Dipaolo
Content Writer at TechNews180
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