GLS Bank: Starting an IPP with international wind ambitions

The German bank has been developing its renewable asset managing and owning IPP arm over the past few years. It also has its eye on buying in Scotland, France, Spain and Greece. GLS Bank’s wind financing story goes back three decades, since tentatively supporting early wind parks in the 1980s, but it has recently evolved into a broader management and ownership model.

We interviewed Marcus Fütterer, a Senior Manager in Structured Participations and Financing at GLS Beteiligungs, who gives us a peek at future plans and notes inflation’s potential impact on development projects.

We discuss the following issues:

• Inflation risks for wind projects
• Evolving bank services for wind
• Bank views on debt and equity services
• Ownership models and investment funds
• Landowner and brownfield projects
• Bank perspective on wind development
• Germany's renewable banking market