Project bonds worth "a lower three-digit million euro amount" have been placed with investors of the Munich Re group, for which MEAG manages assets.
Meanwhile, Luxcara is advising a renewable energy fund for institutional investors providing equity for the 155.4MW Eikeland-Steinsland wind farm in south-west Norway.
Munich Re’s Corporate Insurance Partner has also arranged an insurance package for the project.
The 37-turbine project is part of a 294MW wind cluster owned by Luxcara and being developed by Norsk Vind Energu that will feature 70 of Siemens Gamesa’s SWT-4.2-130 direct drive turbines.
Commissioning is expected by the end of 2019.
Eikeland-Steinsland is the largest wind farm in the complex, which also features the 63MW Gravdal and 76MW Skinansfjellet sites.