KfW IPEX-Bank and SEB (Frankfurt) have signed to provide financing for part of the development of the largest onshore European wind energy project Markbygden in the north of Sweden.
The loan financing of €84.5 million ($112 million) for the sub-project Skogberget will be provided by both banks in equal shares. The loan has a tenor of 13.5 years.
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The export finance community’s calls for OECD reform are being answered. But amid
the news certain ESG-friendly projects can tap longer tenors, there remains
scepticism around how and when ECAs and banks will apply these longer maturities.
This year's winners of the TXF Export Finance Deals of the Year beat a lot of worthy contenders, with ESG credentials the running theme across those winning deals.
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