New NIB loan to wind farm project in northern Sweden

New NIB loan to wind farm project in northern Sweden

ID: 54186

(Thomson Reuters ONE) -


The Nordic Investment Bank (NIB) and Swedish Gabrielsberget Nord Vind AB have
signed a loan totalling EUR 33 million for the financing of a new wind farm
project in Västerbotten in northern Sweden.

The 16.5-year 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 begin by July 2012.

"A windmill park is a sustainable way of providing electricity, and by
increasing the diversity of energy sources in the region, the project may also
increase the security of energy supply," says Johnny Åkerholm, NIB President and
CEO.

Gabrielsberget Nord Vind AB is owned 55% by German Enercon Independent Power
Producer GmbH and 45% by Swedish Svevind Holding AB, Sweden. Enercon is one of
the largest wind energy manufacturers in the world with more than 17,000 wind
turbines installed in over 30 countries. Svevind is a privately owned renewable
energy 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









This announcement is distributed by Thomson Reuters on behalf of
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#1511943]


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Datum: 03.05.2011 - 16:48 Uhr
Sprache: Deutsch
News-ID 54186
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