NIB finances Ringkjøbing Landbobank's wind park programme in Jutland, Denmark
(Thomson Reuters ONE) -
The Nordic Investment Bank (NIB) is financing a loan programme with Ringkjøbing
Landbobank totalling DKK 150 million (EUR 20 million) for financing windmill
investments in Jutland on the western coast of Denmark. The term of the loan is
10 years.
The western coast of Jutland is sparsely populated and has favourable conditions
for wind energy production. New wind power parks can be built taking into
consideration all environmental, landscape and regulatory issues.
"Financing is increasingly limited to younger and smaller renewable energy
companies. Financing wind power projects through Ringkjøbing Landbobank is a
good way to reach relatively small projects and counterparties," says NIB
President and CEO, Johnny Åkerholm.
NIB's loan will help finance some of the approximately 160 windmills to be
distributed to the 28 new wind power parks included in the municipality of
Ringkøbing-Skjern's wind power plan.
The loan is allocated under NIB's EUR 2 billion CLEERE facility, a special
facility for climate-change-related initiatives.
Ringkjøbing Landbobank is a regional bank having its main operations in central
and western Jutland. Windmill financing is an important niche for the bank,
which has more than 20 years experience in financing wind power projects.
The Nordic Investment Bank is the common international financial institution of
the eight Nordic and Baltic countries. NIB provides long-term financing to the
energy, environmental, transport, logistics and communications, and innovation
sectors for projects that strengthen competitiveness and enhance the
environment. NIB has the highest possible credit rating, AAA/aaa, with the
leading rating agencies Standard & Poor's and Moody's.
For further information, please contact
Ann Værum, Senior Manager, Origination, at +45 33 14 42 42, ann.vaerum(at)nib.int
Sari Cabell, Senior Manager, Origination, at +358 45 676 7762,
sari.cabell(at)nib.int
Nina Monsen, Senior Communications Specialist, at +358 10 618 0291,
nina.monsen(at)nib.int
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Source: NIB NORDIC INVESTMENT BANK via Thomson Reuters ONE
[HUG#1473257]
Unternehmensinformation / Kurzprofil:
Datum: 16.12.2010 - 15:00 Uhr
Sprache: Deutsch
News-ID 49788
Anzahl Zeichen: 2849
contact information:
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Kategorie:
Business News
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