GE Provides Turbines for Ukrainian Wind Farm

Wind Industry Profile of

German export credit agency guarantees financing / GE to supply 26 3.8-130-110HH turbines

GE Energy Financial Services, a unit of GE (NYSE: GE), announced it facilitated the raising of €90MM in project financing for stage I (100-megawatt) of DTEK Renewables B.V. Primorskaya wind electricity plant (Primorskaya WEP), located on the Sea of Azov shore in Zaporizhia region, South Ukraine. Bayerische Landesbank, a leading German bank based in Munich, led a German banking consortium, which included KfW IPEX-Bank and Bremer Kreditbank, to provide senior debt to the project. The deal is supported by German Export Credit Agency, Euler Hermes, which provided an export credit guarantee for the transaction. This project was awarded to GE Renewable Energy’s... ... More: Official Press Release GE

Keywords:

GE, wind farm, renewable energy, Ukraine, Germany, turbines, financing