Enefit Green has signed €325m worth of agreements with SEB and Nordic Investment Bank (NIB) to finance its ongoing investment programme.
The amount of the loan agreement signed with the Nordic Investment Bank is €100m and the loan period is 12 years. The total volume of agreements concluded with SEB is up to €225m and the agreed financing period is seven years.
Enefit Green will use this debt financing round for the construction of Sopi-Tootsi, Kelme I and Tolpanvaara wind farms in Estonia, Lithuania and Finland, as well as for the construction of the Purtse solar farm in Estonia.
Enefit Green has taken final investment decisions and proceeded to construction phase with six wind farms and four solar farms in Lithuania, Estonia, Poland and Finland with a total capacity of 596 MW.
Upon completion of these facilities over next two years, the total electricity production capacity of Enefit Green will increase to 1053MW.
The 43MW Silale II and 75MW Akmene wind farms in Lithuania are the first ones to reach commercial operation stage.