Landsvirkjun has reached an agreement with US and UK institutional investors to issue its debut US private placement (USPP) in Green Bond format, for a total amount of US$200 million. The proceeds will be used to finance the construction of the Theistareykir and Burfell II power stations.
Energy Finance & Investment News in Iceland
Alterra Power Corp. has annoucned the execution of a US$133 million refinancing of the corporate loans at its Icelandic subsidiary, HS Orka hf.
Infranode has announced the closing of its second investment round. The Infranode I investment platform raises SEK1.9 billion (US$213 million) dedicated to essential infrastructure investments in the Nordics.
Landsvirkjun and the Nordic Investment Bank (NIB) have signed a US$ 50 million long-term loan agreement without a guarantee of collection for the construction of the Theistareykir project.
The European Investment Bank (EIB) has signed a €125 million (US$142 milion) loan agreement with Landsvirkjun, the National Power Company of Iceland, to finance a new geothermal power station and its geothermal wells at Theistareykir, near Húsavik in north-eastern Iceland.
Landsvirkjun, the National Power Company of Iceland has signed a new US$200 million multi-currency revolving credit facility for general corporate purposes.
Iceland-based power producer Landsvirkjun has signed an ECA (Export Credit Agency) loan agreement in relation to a supply contract for two 45 MW geothermal turbines from Fuji Electric for the Theistareykir Geothermal Power Plant, scheduled to commence operation in 2017.