NIB Nordic Investment Bank
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,

 
  • AR2013

News

NIB’s USD 1bn global benchmark priced

On 2 April, NIB priced a long 5-year global USD 1 billion benchmark transaction.

3 Apr 2014

NIB’s CFO Juha Kotajoki resigns

Juha Kotajoki, Vice-President, Head of Risk & Finance and CFO of the Nordic Investment Bank, has resigned from his position.

26 Mar 2014

NIB in 2013: Strong results despite stagnant markets

Despite the stagnant investment climate, NIB recorded a EUR 217 million profit in 2013. New loans were allocated to projects that are relevant to the competiveness and environment of the Nordic–Baltic region.

11 Mar 2014


MORE NEWS

Agreed loans

City of Lahti (Finland) (10 Mar 2014)

Ryfast AS (Norway) (6 Mar 2014)


MORE LOANS