MUFG was named as the winner of two awards at the inaugural European Wind Investment Awards 2019, hosted in London by industry publication, A Word about Wind.
The awards acknowledged industry leaders' recent work and leadership in the European wind sector over the past year.
Following submissions in June and a selection process judged by 17 industry panellists, MUFG was named as the Lender of the Year and received the award for the Offshore Deal of the Year for Hornsea 1 where MUFG acted as financial adviser, joint arranger, joint bookrunner as well as lender and hedge provider to the project. The judges commented:
"We felt both Orsted and MUFG deserved recognition in this category. The volume of capital invested in this project was truly impressive.
"MUFG were critical to getting the project over the line and there were some very innovative solutions along the way."
Hornsea 1 being named as the Offshore Deal of the Year acts as a perfect example of MUFG's cross-product success and expertise, which is a key feature of our unified bank/bond structured finance business.
Stephen Jennings, Head of Energy and Natural Resources for EMEA, said:
“It was great to see the team's hard work and dedication recognised by A Word about Wind.
"The awards have heightened MUFG's credentials in the European wind market, but more importantly, acknowledge the superb job done by our team in developing and delivering innovative financing solutions to our clients, which are necessary as the market continues the drive to reduce costs."