Germany, June 20 -- As part of a consortium of commercial banks, KfW IPEX-Bank has provided financing for two wind turbine installation vessels (WTIV). KfW IPEX-Bank's share of the total financing of EUR 525 million, which is covered by the export credit agencies (ECAs) Eksfin and Sinosure, is just under EUR 60 million. The borrower is the Danish company Cadeler, a leading offshore wind service provider, specializing in the transportation, installation, and servicing of wind turbines and foundations.The vessels will be built in China by Cosco Shipping Heavy Industry Co. Ltd. and are scheduled for delivery in H2/2025 and H2/2026. Both vessels will be fitted out with monopile installation equipment but can be converted for jacket and turbine ...