Denmark. Ringkjøbing Landbobank A/S
Date of agreement: | 23 Nov 2009 |
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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 |
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.