EIB, Erste Bank back 36-MW wind scheme in Austria

Wind farm in Austria. Author: Andrij Bulba. License: Creative Commons: Attribution 2.0 Generic

June 8 (SeeNews) - The European Investment Bank (EIB) and Austria’s Erste Bank have awarded EUR 60.4 million (USD 68.7m) in total to finance the construction of the 36-MW Hof/Seibersdorf wind farm in Austria.

The lenders signed an official financing contract with the developer Energiepark Bruck/Leitha GmbH  on Thursday, the EIB said in a press release.

The EIB, through its European Fund for Strategic Investments (EFSI), has provided EUR 40 million for the project since 2013. Additionally, the developer has secured EUR 20.4 million in funds from Erste Bank for the scheme, which represents an investment of EUR 70 million.

The Hof/Seibersdorf wind park will be powered by 12 Enercon E-115 turbines of 3 MW each, installed at two sites in Hof and Seibersdorf. The complex is expected to become operational by end-2016, generating enough electricity for about 27,000 households.

Energiepark Bruck/Leitha operates six more wind farms in Austria.

(EUR 1.0 = USD 1.137)


More stories to explore
Share this story
About the author
Browse all articles from Veselina Petrova

Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription