NIB provides €28 million loan for 112 MW wind farm in Latvia
The Nordic Investment Bank (NIB) has signed a 16-year loan agreement worth €28 million with Ltd. WPR2 for the construction and operation of a 112 MW wind farm in Smiltene, northeastern Latvia. The wind farm, called “Project Simpson,” is a greenfield wind development expected to generate around 283 GWh of clean electricity annually once operational.
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