EUR 150m Green Portfolio Powers Renewables

• European Energy A/S, a Danish renewable energy developer, secures EUR-150-million revolving fund to boost renewable energy projects in 10 Northern European countries. With an accordion feature to expand to EUR 250 million, the fund is expected to be up and running by early 2024.

European Energy A/S, a Danish renewable energy developer, has secured a EUR-150-million (USD 163.5m) green portfolio financing facility with Scandinavian banks SEB and DNB to expedite the deployment of renewable energy projects across ten countries in Northern Europe. The facility is a revolving fund and spreads credit risk across multiple projects. It also has an accordion feature that can potentially increase the facility to EUR 250 million. European Energy expects to start allocating funds from this facility in early 2024.

What Is European Energy's EUR-150M Green Financing Facility?

• The EUR-150M green financing facility is a revolving fund that spreads credit risk across multiple renewable energy projects located in ten countries in Northern Europe.
• The facility has an accordion feature, which allows the facility to potentially increase to EUR 250 million.
• The funds from the facility are expected to start being allocated in early 2024.
• The facility is a partnership between European Energy A/S, a Danish renewable energy developer, and Scandinavian banks SEB and DNB.
• According to European Energy, the facility is designed to expedite the deployment of renewable energy projects.