KfW is supporting the growth of Enercon in partnership with other banks. This is being done under the umbrella of the Germany Fund as part of risk sharing in a guarantee financing package. The financing totals one billion euros.

The syndicate financing has been structured by Commerzbank and Deutsche Bank. It will be used to provide general corporate finance for the wind turbine manufacturer. KfW is participating in the financing through a new promotional programme.

Stefan Wintels, Chief Executive Officer of KfW: Through risk sharing, we create additional financing scope for manufacturers of technologies of the future. As a promotional bank, we support companies such as Enercon in increasing their order volumes, expanding their production capacities and accelerating the ramp-up of transformational technologies. The first transaction in this promotional offer is not only a strong signal for Germany's competitiveness, it is also an example of how the Germany Fund is already making a visible impact.

The Germany Fund is an initiative of the German Federal Government. It uses various financing instruments to provide state incentives to attract private capital for investments in important future areas of the German economy.

Further information about the Germany Fund can be found here: Germany Fund | KfW