NIB funds Enefit Green’s renewable energy projects in Estonia, Finland and Lithuania
The Nordic Investment Bank (NIB) and Estonian renewable energy producer Enefit Green AS have agreed on a 12-year loan to co-finance the construction of wind power generation capacity in Lithuania and Finland, and photovoltaic generation capacity in Estonia.The EUR 100 million loan will finance up to 50% of Enefit Green’s three new projects in Lithuania, Estonia and Finland during the years 2023 to 2025. All projects are eligible for financing from NIB Environmental Bond proceeds.
The Kelme I Wind farm will add up to 80 MW of new energy generation capacity in Lithuania and is expected to