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EIB finances two wind farms in Austria

Christian Fernsby ▼ | June 26, 2020
The European Investment Bank (EIB) is providing €63 million of finance for the construction and operation of two new wind farms in Austria (Prinzendorf III and Powi V) of Windkraft Simonsfeld with a total capacity of approximately 43.6 MW.
European Investment Bank
EIB   European Investment Bank
The facilities will be operated by a project company belonging to Windkraft Simonsfeld AG, which has been successfully running wind farms in Austria and Bulgaria since the end of the 1990s.

Topics: EIB

The overall capacity of the wind farms operated by Windkraft Simonsfeld currently amounts to 202.5 MW.

The bulk of the EIB financing (€40.9 million) will go directly to Windkraft Simonsfeld.

These funds are backed by a guarantee from the European Fund for Strategic Investments (EFSI), the central pillar of the Investment Plan for Europe (the Juncker Plan).

Under this plan, the EIB and the European Commission are working together as strategic partners to boost the competitiveness of the European economy.

The remaining loan amount of €22.1 million will be provided by Erste Bank and guaranteed by the EIB.

Windkraft Simonsfeld will put €21 million of its own funds into financing the wind farms.