All agreed loans

Denmark. Ringkjøbing Landbobank A/S

Date of agreement: 23 Nov 2009
Country: Denmark
Customer: Ringkjøbing Landbobank A/S
Amount in DKK: DKK 75 million
Amount in EUR: EUR 10.1 million
Maturity: 10 years
NACE sector / loan type: Electricity, gas, steam and hot water supply
Business area: Financial institutions and SMEs

Project

The 10-year-maturity loan totalling DKK 75 million (EUR 10 million) has been provided for financing wind turbine projects carried out by local small and medium-sized enterprises in Denmark, in particular in western Jutland.

Ringkjøbing Landbobank is a regional bank with 20 years of experience in financing wind power projects in Denmark.

Sustainability summary

The loan will support the expansion of the power generation from wind, which is a clean, renewable and predictable source of energy, thus reducing the need for energy production from fossil fuels. The west coastal area of Jutland is a sparsely populated area and has favourable environmental and landscape conditions for the energy production. A limited impact on the environment is expected during the construction of the wind turbines. The impacts are fully reversible once the wind turbines are dismantled. 100% of the project is considered as an environmental investment.