Mizuho supports the energy transition by participating in the financing of Germany’s largest offshore wind farm in the German Baltic Sea once operational
London, 18 September 2026: Mizuho in EMEA is pleased to announce its participation in the financing of the Gennaker Offshore Wind Farm, a landmark renewable energy project being developed by Skyborn Renewables in the German Baltic Sea.
Mizuho acted as Mandated Lead Arranger and Hedging Bank in connection with the €2.1 billion non-recourse financing for the project. The transaction supports the development, construction and operation of the Gennaker Offshore Wind Farm, which is expected to have a total installed capacity of up to 976.5 MW, making it the largest offshore wind farm in the German Baltic Sea once operational.
Located approximately 15 kilometres north of the Fischland-Darß-Zingst peninsula, the project will comprise up to 63 Siemens Gamesa offshore wind turbines and is expected to be fully commissioned by the end of 2028. The project is being developed by Skyborn Renewables and will contribute significantly to Germany's renewable energy ambitions, energy security and long-term decarbonisation objectives.
Clemens Mieth, Director of Infrastructure and Advisory, Mizuho EMEA:
“We are proud to have participated in this financing and big congratulations to the Skyborn team on closing this landmark transaction. At Mizuho we are committed to helping our clients grow by leveraging our financial strength and sector capabilities, to support the scale up of renewable energy.”
Salvatore Ciccarelli, Co-Head of Infrastructure and Advisory, Mizuho EMEA:
"We are delighted to support the financing of the Gennaker Offshore Wind Farm, one of the most significant offshore wind developments in Germany. The project will play an important role in expanding Germany's renewable energy capacity and advancing the energy transition. This transaction further demonstrates Mizuho's strong commitment to supporting the development of sustainable infrastructure and helping our clients achieve their decarbonisation goals."
Sergio Song, Head of Investments, Skyborn Renewables:
“Reaching financial close for Gennaker is a defining milestone for Skyborn Renewables. We are grateful for the trust and support of our financing partners, including Mizuho, whose expertise and commitment have helped make this achievement possible. We now look forward to delivering Germany's largest offshore wind farm in the Baltic Sea and creating long-term value for the energy transition.”
About Mizuho EMEA
Mizuho EMEA provides corporates and institutions in the region with unparalleled access and expertise in Japan and Asia, and supports clients with their corporate and investment banking, and asset management needs. Headquartered in London and with a strong presence throughout the region, our client base includes leading corporations, financial institutions and state owned entities. Mizuho is deeply committed to serving client needs, enabling our people to flourish, and helping to improve society and communities where we do business.
Mizuho’s presence in EMEA is an integral part of the Japan-based Mizuho Financial Group, Inc. Mizuho Financial Group is one of the largest financial institutions in the world, offering comprehensive financial and strategic services through its subsidiaries. The group has over 900 offices and 60,000 employees worldwide in nearly 40 countries throughout the Americas, EMEA, and Asia. As of March 2026, its total assets were approximately US$2 trillion.
