Bloomberg News

Nordic Investment Bank Offers Loan to Support Danish Wind Power

June 29, 2012

The Nordic Investment Bank agreed to loan 175 million Danish kroner ($30 million) to finance wind turbines in Denmark, which is seeking to get half of its power from wind energy by 2020.

The bank will loan the funds to the Danish regional bank Ringkjoebing Landbobank A/S (RILBA), which in turn will make loans to support about 60 megawatts of wind farms, according to a statement on Helsinki-based NIB’s website today.

The bank is owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden.

To contact the reporter responsible for this story: Sally Bakewell in London at Sbakewell1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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