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NIB has signed a EUR 27.7 million 10-year loan agreement with Baltic Storage Platform OÜ to finance the construction of two battery energy storage projects in Estonia. The loan is supported by the InvestEU programme under NIB’s Framework on Clean Energy Transition.
The EBRD, supported by InvestEU, is providing a €32 million loan for the 112 MW Smiltene wind farm in Latvia. The project will increase Latvia’s wind power capacity by around 80%, strengthening energy security and advancing the green transition.
NIB has signed a 16-year loan with Ltd. WPR2 for the construction and operation of a 112 MW wind farm in Latvia. The EUR 28 million loan supports the country’s transition to clean energy and is eligible under the InvestEU Clean Energy Transition Framework.