| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers U > Headlines for UAB Ignitis Renewables > News item |
Ignitis to ink up to PLN 150 million 15-year loan for wind farm
By Rebecca Melvin
New York, Oct. 13 – AB Ignitis Grupe subsidiary UAB Ignitis Renewables intends to sign an agreement with the Northern Investment Bank for a loan of up to PLN 150 million for the implementation of the Pomerania wind farm project.
Under the agreement, all the shares of Pomerania Wind Farm sp. z o.o. will be pledged to the lender.
The first-call agreement for the loan was approved on Monday. The loan is expected to be repaid by Dec. 31, 2035.
The 300 GWh Pomerania wind farm is located in Pomeranian Voivodship, Poland, and is expected to be fully operational in early 2021.
The state-controlled energy holding company is based in Vilnius, Lithuania.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.