NIB lends to wind farm project in northern Sweden

NIB lends to wind farm project in northern Sweden

ID: 52813

(Thomson Reuters ONE) -


The Nordic Investment Bank (NIB) and Swedish Gabrielsberget Syd Vind AB have
signed a loan totalling EUR 35 million for financing the construction of a new
wind farm in Västerbotten in northern Sweden.

The 16.5-year-maturity loan will be used for financing the wind farm project
which has a total capacity of 46 MW.

The wind farm will be made up of 20 wind turbines and the commercial operation
of the farm is planned to be running by July 2011.

"Replacing fossil fuel based energy production with renewable energy sources
such as wind helps reduce CO2 emissions. It is NIB's mission to enhance the
environment by lending to projects such as this wind farm," says Johnny
Åkerholm, NIB President and CEO.

Gabrielsberget Syd Vind AB is owned 50% by German Enercon Independent Power
Producer GmbH and 50% by Swedish Svevind Holding AB, Sweden. Enercon is the
fourth largest wind energy manufacturer in the world with more than 17,000 wind
turbines installed in over 30 countries. Svevind is a privately-owned company
which plans, develops, sells and operates land-based wind power projects of
varying sizes.


The Nordic Investment Bank (NIB) 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

Eva Sandström, Senior Manager, Project & Structured Finance,
at +358 10 618 0236, eva.sandstrom(at)nib.int

Nina Monsen, Senior Communications Specialist, at +358 10 618 0291,
nina.monsen(at)nib.int











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Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: NIB NORDIC INVESTMENT BANK via Thomson Reuters ONE

[HUG#1500053]


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Bereitgestellt von Benutzer: hugin
Datum: 25.03.2011 - 10:30 Uhr
Sprache: Deutsch
News-ID 52813
Anzahl Zeichen: 2597

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