NIB's first InvestEU loan goes to windpark in Finland
The Nordic Investment Bank (NIB) and Pahkakosken Energia Oy, a special purpose company owned by Nordic renewable energy company Ilmatar, have signed a 15-year loan to build a 186 MW onshore wind farm in North Ostrobothnia in Finland. The total loan amount of EUR 50 million is supported by the European Union under the InvestEU programme. This is the first loan agreement signed by NIB under the InvestEU programme. The transaction is eligible under the NIB’s Clean Energy Transition Framework Operation approved by the InvestEU Investment Committee in May 2023. The Pahkakoski wind farm