2024-11-22

http://w3.windfair.us/wind-energy/news/42821-enefit-green-debt-capital-nordic-investment-bank-seb-wind-farm-solar-developer-borrowing-period-production

01/09/2023

Posted by: Windfair Editors

Enefit Green raises debt capital

Enefit Green will use the new loans to build wind farms in Estonia, Lithuania, and Finland, as well as a solar park in Estonia.

Official Press Release Enefit Green:

Enefit Green raised its largest amount of debt capital so far

Today, on 6 January, Enefit Green signed agreements with SEB and the Nordic Investment Bank in the amount of €325 million. This is Enefit Green's largest ever borrowing of funds, which will be used to finance their ongoing investment program.

The total amount of the agreements concluded with SEB is up to €225 million for the period of seven years. The size of the loan signed with the Nordic Investment Bank (NIB) is €100 million and the loan period is 12 years. Enefit Green will use the new loans to build its Sopi-Tootsi, Kelme I and Tolpanvaara wind farms in Estonia, Lithuania, and Finland, as well as its Purtse solar park in Estonia. According to Veiko Räim, Member of the Board and Chief Financial Officer of Enefit Green, the company is... ... More: Official Press Release Enefit Green

Keywords:: Enefit Green, debt capital Nordic Investment Bank, SEB, wind farm, solar, developer, borrowing, period, production

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