Danish Wind Turbine Company Secures EUR 67 Million Loan from NIB

Danish Wind Turbine Company Secures EUR 67 Million Loan from NIB

(IN BRIEF) The Nordic Investment Bank (NIB) has signed a seven-year DKK 500 million (approximately EUR 67 million) loan agreement with Danish firm KK Wind Solutions Holding A/S to support the company’s expansion in the wind turbine industry. The loan will enable KK Wind Solutions to deliver sustainable energy solutions by utilizing their electro-mechanical systems, lean manufacturing, and advanced monitoring services. NIB is an international financial institution that finances private and public projects within and outside its member countries. This partnership aligns with NIB’s mission to finance sustainable projects that promote the transition to a low-carbon economy.

(PRESS RELEASE) HELSINKI, 2-Mar-2023 — /EuropaWire/ — The Nordic Investment Bank (NIB), an international financial institution with focus on the Nordic and Baltic countries, announces that it has signed a DKK 500 million (approximately EUR 67 million) loan agreement with KK Wind Solutions Holding A/S to support the company’s growth and expansion into sustainable energy solutions for the wind turbine industry.

KK Wind Solutions is a leading provider of electro-mechanical systems for wind turbines, with over 40 years of experience in developing state-of-the-art technologies, high-quality manufacturing, flexible aftermarket solutions, and advanced monitoring services. The loan agreement with NIB will enable KK Wind Solutions to deliver sustainable energy solutions to the wind turbine industry.

Owned by A.P. Moller Holding, the parent company of the A.P. Moller Group, which has been established since 1904, KK Wind Solutions is well positioned to take advantage of the growing demand for sustainable energy solutions.

“Accelerating the green transition requires the renewable energy industry to rapidly mature and scale up. With this investment loan, NIB can support KK Wind Solutions to grow their business, speeding up the required transition in sustainable energy solutions,” says André Küüsvek, NIB President and CEO.

As an international financial institution, NIB is committed to financing private and public projects both within and outside its member countries, which include Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

The loan agreement with KK Wind Solutions aligns with NIB’s mission to finance sustainable projects that promote the transition to a low-carbon economy. We are proud to support KK Wind Solutions’ growth and expansion into sustainable energy solutions for the wind turbine industry, and we believe that this partnership will make a significant contribution to the global effort to combat climate change.

For further information, please contact
Søren Hovgaard, Country Lead Denmark, Senior Advisor, at +45 4081 3575, soren.hovgaard@nib.int

Lotta Forssell, Senior Communications Officer, at +358 10 618 0498, lotta.forssell@nib.int

SOURCE: Nordic Investment Bank