Companies and Markets
Call us on +44 (0) 203 086 8600
Market Research A to Z | Company Profiles A to Z | RegisterRegister | Contact UsContact Us | Shopping Basket Shopping Basket
+44 (0) 203 086 8600 Call us on

Swedish Venture Wins EUR35Mln Loan For Wind Farm Project

Industry Sector

Telecommunications

Published

25 March 2011

Author

Mike King

Type of News

Contract Wins

The Nordic Investment Bank (NIB) said Friday that it had signed a new loan agreement totalling EUR35 million with Swedish Gabrielsberget Syd Vind AB to finance the construction of a new wind farm in Vasterbotten in northern Sweden.

The bank said that the 16.5-year-maturity loan will be used to finance the construction of the new wind farm which will have a total capacity of 46 MW.

The planned wind farm project will consist of 20 wind turbines and commercial operations are expected to be up and 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," NIB's President and Chief Executive Officer, Johnny Akerholm, said in a statement.

The Gabrielsberget Syd Vind AB is 50%-owned 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 over 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 is the common international financial institution of the eight Nordic and Baltic countries.  It provides long-term financing for energy, environmental, transport, logistics and communications projects among other services.

Author: Justin Cole, analyst.

Visitor Comments

All posts are pre-moderated and must obey the house rules.

Change Currency

GBP
USD

Change Currency

GBP
USD

Use our research skills: Get free support

Free Research Support: Let us do the work for you and find information from public and private sources of information. Contact us now and we can save you time and money.......Free Research Support

December Discounted Prices: Contact us to ask about our special discounts available in December

For the last month in 2014 we are offering discounted prices on a selection of new reports. Please contact us on 00 44 (0) 203 0868600 or via email (click here to email) to ask about prices and special discounts.

Available during December and the run-up to Christmas; Discounted prices on a selection of our reports.

Find all the research at the best prices. Great promotions being offered during December!

We are offering our clients substantial savings on the best research available during December. Please contact us either via emailor by calling our team to discuss your specific research needs on Tel: 00 44 (0) 203 0868600. We look forward to being able to find you the research you require at good prices.

Accessibility
Close

Contrast settings

Text size settings