EIB agrees €63m financing for 43.6MW Austrian wind farms

The European Investment Bank is providing financing of €63 million for the construction and operation of two new wind farms in Austria - Prinzendorf III and Powi V.

The facilities, with a total capacity of approximately 43.6MW, will be operated by a project company belonging to Austria-based Windkraft Simonsfeld. The bulk of the EIB financing - €40.9 million - will go directly to Windkraft Simonsfeld and are backed by a guarantee from the European Fund for Strategic Investments.

The remaining €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.