NIB Nordic Investment Bank

Article

29 Jun 2012

NIB opens wind energy credit line with Danish Ringkjøbing Landbobank

windmill

NIB and Danish Ringkjøbing Landbobank have signed a new loan programme totalling DKK 175 million (EUR 24 million) for financing wind energy projects in Denmark.

This is the fourth credit facility NIB has placed with Ringkjøbing Landbobank for the promotion of wind power. Based on the previous experience, it is estimated that 20 to 30 wind turbines with a total new generation capacity of 60 MW and an annual output of 190 GWh would be installed under the new programme.

“Crowding out the fossil-fired electricity generation and expanding wind power is directly contributing to the target set in Danish government policies to secure that by 2020 half of all electricity consumed in Denmark is produced from renewable sources,” says Henrik Normann, President and CEO of NIB.

Ringkjøbing Landbobank is a full-service regional bank with its main operations in the western and central part of the Jutland peninsula in western Denmark. Being one of the leading financiers of wind power projects in the country, the bank has built up in-house expertise in the field and is capable of assessing potential risks associated with wind power projects.

NIB is a multilateral financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

For further information, please contact

Ms Ann Værum, Senior Manager Origination, at +45 2325 5624,

Mr Dimitrijs Alehins, Senior Communications Specialist, at +358 10 618 0296,

 
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