Swedish renewables outift Rabbalshede Kraft has set up a new loan structure with Nordic banking group Swedbank in order to finance a new phase of company growth.
Rabbalshede Kraft said it has completed a period of internal consolidation and was now “ready for growth”.
The company said it currently operates 170 wind turbines with output of approximately 1203 gigawatt hours a year.
Rabbalshede Kraft chief executive Mads Miltersen said: “It feels very good that the company has a sound and stable financial situation. We are now ready for the next step and will focus on creating growth and taking a leading role in renewables in the Nordic region.”
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