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to-the-point: EIB, Erste Bank finance 17 MW of wind projects in Austria

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

June 8 (Renewables Now) - The European Investment Bank (EIB) said today it is providing a loan of EUR 19.3 million (USD 22.7m) to Energiepark Bruck/Leitha so it could finance two wind projects in Austria with a combined capacity of 17 MW.

The financing plan totals EUR 27.3 million and includes a EUR-8-million contribution from Erste Bank, according to the announcement. The EIB loan is backed by a guarantee from the European Fund for Strategic Investments (EFSI).

Energiepark Bruck/Leitha will use the funds to build the 6.5-MW Bruckneudorf and the 10.5-MW Hoeflein West wind farms.

(EUR 1.0 = USD 1.176)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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