European Investment Bank Helps Financing Austrian Wind Farms

EU bank advances EUR 48m / Loans largely backed by the “Juncker Plan”

The European Investment Bank (EIB) is providing EUR 48m of finance for the construction and operation of three new wind farms in Austria (Kreuzstetten IV, Dürnkrut II and Hipples II) with a total capacity of 39 MW. The facilities will be operated by Windkraft Simonsfeld AG, which has been running wind farms successfully in Austria since the end of the 90s. The overall capacity of the wind farms operated by Windkraft Simonsfeld AG currently amounts to 168 MW.  The bulk of the EIB financing package – EUR 35m – will go to Windpark Kreuzstetten IV GmbH, a wholly owned subsidiary of Windkraft Simonsfeld AG, responsible for building and operating the three planned wind... ... More: Official Press Release EIB

Keywords:

EIB, Europe, Austria, wind farm, loan, Junker Plan, Windpark