Finland. Rajakiiri Oy
Date of loan: 3 May 2010
Country: Finland
Borrower: Rajakiiri Oy
NACE sector/loan type: Electricity, gas, steam and hot water supply
Focus sectors
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Environment |
50% |
Other: | |
| Energy | 50% | Financial intermediary | |
| Transport, logistics and communication |
Manufacturing and mining | ||
| Innovations | Services and other |
Project
The 12-year-maturity loan totalling EUR 19 million has been provided for financing the construction of a wind park. The new wind park, located in Tornio in northern Finland, is estimated to be taken into use in the end of 2010. The wind park will have a capacity of some 30 MW and the average electricity output per year will total 80 GWh. The project is Rajakiiri's first wind park out of three planned.
Environmental summary
Rajakiiri's wind park is to be located in the vicinity of an already developed industrial area and is thus not expected to have negative effects on the environment.
As the electricity generation from the wind begins supplementing fossil fuel-based energy production, the indirect emissions of CO2, NOx and SO2, as well as particulates, will decrease. The project is allocated under the CLEERE facility.
News
NIB finances new electricity metering system in South-East Finland
NIB and Kymenlaakson Sähköverkko Oy have signed a loan agreement for the implementation of a remote reading system of electricity metering in South-East Finland.
14 May 2012
NIB helps tap renewable energy in India
A loan to India’s Axis Bank Limited is earmarked for wind turbine parks with the total capacity of 300 MW. The wind parks are being constructed in the states of Tamil Nadu, Andhra Pradesh and Gujarat.
10 May 2012
NIB finances dairy expansion in Oslo, Norway
NIB has signed a loan agreement with Norwegian dairy company TINE for financing its dairy expansion in the capital city.
3 May 2012
