NIB and Danish Vestas Wind Systems A/S have signed a new 4.5-year loan agreement
totalling EUR 25 million for financing Vestas’ R&D programme.
The loan, which is an extension of the EUR 30 million loan NIB signed with Vestas in
December 2009, is earmarked for developing a new type of a 3 MW wind turbine for low and
medium wind regimes. The R&D programme is focused on improving the design of the blades
and nacelle, as well as on adjusting the cooling system and load-optimised operation of
the wind turbine. These measures are expected to increase the turbine’s reliability,
reduce its own energy consumption and increase the output capacity.
“This R&D project of developing a new type of a wind turbine contributes to an efficient
and less costly production of wind energy. Lending to R&D projects within the renewable
energy field is at the core of NIB’s mandate. Innovation is one of the most important
ways of raising productivity in an advanced economy and, hence, its competitiveness,”
says Johnny Åkerholm, NIB President and CEO.
Vestas is the world’s largest producer of wind turbines. The company designs wind
turbine parks for all wind conditions and Vestas-produced turbines have been installed
in 65 countries worldwide.
The Nordic Investment Bank is the common international financial institution of the
eight Nordic and Baltic countries. NIB provides long-term financing to the energy,
environmental, transport, logistics and communications, and innovation sectors for
projects that strengthen competitiveness and enhance the environment. NIB has the
highest possible credit rating, AAA/aaa, with the leading rating agencies Standard &
Poor’s and Moody’s.
For further information, please contact
Mr Vidar Omholt, Senior Manager Origination, at +358 10 618 0286, vidar.omholt@nib.int
mailto:vidar.omholt@nib.int
Ms Nina Monsen, Communications Specialist, at +358 10 618 0291, nina.monsen@nib.int
mailto:nina.monsen@nib.int
HUG#1451211
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Source: NIB NORDIC INVESTMENT BANK via Thomson Reuters ONE
