PensionDanmark To Lend €1.3B
PensionDanmark is lending €1.3 billion to support Denmark’s exports.
PensionDanmark is lending €1.3 billion to support Denmark’s exports, IPE reports. The pension fund has entered into a three-year agreement with the country’s export credit agency Eksport Kredit Fonden (EKF) to lend to overseas companies placing orders with Danish businesses. As part of the contract, PensionDanmark is providing an initial funding of nearly €134.35 million to Arise Windpower and Platina Partners to set up a wind farm in Jädraas in Sweden along with Danish firm Vestas. The first loan is for a total of €268.69 million, with banks DnB NOR and SEB providing the remaining funding. The public-private pact can be extended after three years.
Click here for the story from IPE.