EIB Signs Loan with Greece Energy Company

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European Investment Bank (EIB) signs EUR 24m loan with Terna Energy Group, financing will support construction and operation of two windfarms in northern Greece / EIB loan is the latest operation in Greece backed under EFSI, part of the successful Investment Plan for Europe of the Juncker Commission

The EIB has signed a EUR 24m financing agreement with the Greek Terna Energy Group to help fund the development, construction and operation of two windfarms on Mount Vermio in northern Greece. Alpha Bank acted as co-lender providing an equivalent amount of long-term debt next to a medium term VAT facility. The EIB’s loan is backed under the EU budget guarantee of the European Fund for Strategic Investments (EFSI), the financial instrument of the Investment Plan for... ... More: Official Press Release EIB

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EIB, Greece, finances, wind farm, wind energy, expansion, renewable energy, climate change, Terna Energy Group