Enevate Green signs € 130 million deal to finance wind farms

Vico Rim, CEO of Enefit Green, said: “Working with the region’s leading banks, we can implement Enefit Green’s growth strategy and finance investments in our new carbon-neutral wind farms. Green electricity is the first to enter the market, and the hunger for it is great ”.

The loans were signed with two northern lenders – SEB and OP Bank – for a total of EUR 130 million.

Anders Larsons, Head of Corporate Banking at SEB Baltic, said of the deal: “We aim to be the leading financier of renewable energy in the Nordic and Baltic countries. I am pleased to be a financing partner for Enefit Green, supporting the company’s growth plans. . “

Hanes Kadu, Country Director of the Estonian branch of OP Corporate Bank, said: “Enefit Green’s investments in renewable energy are OP’s values ​​and goals for developing a greener environment and society. We are pleased to be part of Enefit Green’s investment in Estonia’s green future. “

Enefit Green owns 22 wind farms, 38 solar power plants, 4 thermal power plants, a pellet plant and a hydroelectric power plant in Estonia, Latvia, Lithuania and Poland, generating a total of 1.35 terawatt hours (TWh) of electricity. 2020, as the company says.

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