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Denmark guarantees financing for two Swedish wind farms

The Danish state is via EKF Denmark's Export Credit Agency guaranteeing up to 18 years of financing for two new wind farms in Sweden. Siemens Gamesa will supply turbines to the two projects, and Norwegian energy company and aluminum producer Norsk Hydro Energy is the PPA client.

Photo: Siemens Gamesa

Financing for two new wind farm projects is now secured, and the Danish state has guaranteed credit through EKF Denmark's Export Credit Agency, according to a press statement from EKF.

Australian financial group Macquarie is behind the development titled "Project Cloud". Macquarie is the project's sponsor and has supplied equity, while German export bank KfW IPEX-Bank and French Credit Argicole are financing the projects debt in conjunction with EKF. Siemens Gamesa will supply the project with 56 model SWT-DD-130 wind turbines each at up to 4.2 MW capacity.

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