SEB Bank, KFW IPEX Finance 60-Megawatt Wind Farm in Lithuania

Skandinaviska Enskilda Banken AB and Germany’s KfW IPEX-Bank GmbH provided 89.3 million euros ($97 million) to a 60-megawatt wind farm project in Lithuania.

The loan to the Silutes Vejo Projektai project company is to help finance 24 wind turbines that will start generating next year, SEB’s Lithuanian unit said in a website statement. The total investment is 119.5 million euros, it said.

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