Enel Green Power has signed an agency agreement with export credits from the Danish Government, the EKF, and Citigroup that allows you to be 112 million euros in funding for 12 years to invest in wind farms in Romania. Enel will act as guarantor on the financing, the amount will be paid this month of October, the company said in a note sent to the National Securities Market Commission (CNMV).
With these resources, Enel Green Power will cover part of the investment costs for the construction and expansion of its wind projects in Romania, namely Moldova Noua and Curugea. The company’s goal is to reach a total capacity of 118 megawatts and invest an amount of 180 million euros in the country indicated in the note.
It also stresses that the interests of the funding will be lower than the benchmark in the market thanks to the guarantee given by EKF, who in their institutional roles supporting Danish manufacturers of parts which Enel Green Power purchase material. Enel builds wind farms in several countries, who join other renewable energy projects, solar thermal, solar photovoltaic and geothermal.