EnergyWatch

European Energy secures big loan for eastward expansion

A reinforced state fund continues to back the Danish project developer, this time with a credit facility worth EUR 40 million meant to bolster European Energy's gigawatt ambitions.

Photo: European Energy

As a part of Denmark's autumn economic recovery stimulus, a series of green state funds were given extended mandates with a double-digit sum in DKK billions. Among these is the Danish Green Investment Fund, which has already started to issue credit of its highest possible caliber.

Most recently, European Energy has now secured a loan worth "a triple-digit sum [in DKK millions]" to be put toward developing solar and wind farms. According to EnergyWatch's source information, the credit facility totals to DKK 300 million (EUR 40.3 million).

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