EFK to provide finance for Romanian wind projects

24 October 2011 (Last Updated October 24th, 2011 18:30)

Enel Green Power through its subsidiary Enel Green Power International has signed an agreement with the Danish Government’s Export Credit Agency (EKF) to secure finance of €112m.

Enel Green Power through its subsidiary Enel Green Power International has signed an agreement with the Danish Government's Export Credit Agency (EKF) to secure finance of €112m.

The funds will be used to support development of Enel Green Power Romania's wind power plants to reach a total installed capacity of 118MW.

The wind projects are to be built with an investment of €180m.

In addition, the firms have also signed a master facilities agreement, setting out the general loan terms and conditions.

Citigroup has been appointed as the agent and facilitator for the project.