Estonia's Enefit completes one wind project, starts another
Sep 06, 2024 10:27 CESTEnefit Green upsizes Swedbank loan to EUR 100m
Wind turbines. Image by: Enefit Green.
Estonian renewables developer Enefit Green AS (TAL:EGR1T) has upsized its EUR-50-million (USD 53.8m) loan borrowed from Swedbank AB (STO-SWED-A) in 2022 to EUR 100 million.
The maturity of the original five-year loan has now been extended to December 2028, Enefit Green said on Friday.
Enefit Green signed loan agreements with Swedbank and another Swedish bank in late December 2022 to borrow EUR 50 million from each and refinance some loans that were due the following year. The company on Friday said that the additional funds from Swedbank will be used for the development of wind, solar and storage projects, and general corporate purposes.
(EUR 1.0 = USD 1.076)
More stories to explore
Nordic-Baltic TSOs conclude pre-feasibility study for hydrogen corridor
Sep 09, 2024 10:43 CEST
Iberdrola inaugurates 496-MW Saint-Brieuc wind farm offshore France
Sep 19, 2024 16:25 CEST
Nacap to build hydrogen pipeline for AGA’s Aussie green ammonia project
Sep 19, 2024 16:03 CEST
KKR fund increases tender offer price for Greenvolt
Sep 19, 2024 15:32 CEST
Statkraft connects 44.5-MW solar farm to grid in Spain
Sep 19, 2024 15:28 CESTShare this story
Tags
About the author