NIB finances Danish KK Wind Solutions’ growth in renewable energy solutions

NIB and the Danish KK Wind Solutions Holding A/S have signed a seven-year DKK 500 million (approximately EUR 67 million) loan agreement to finance the company’s growth.

The financing accelerates KK Wind Solutions’ expansion and growth to deliver sustainable energy solutions to the wind turbine industry.

“Accelerating the green transition requires the renewable energy industry to rapidly mature and scale up. With this investment loan, NIB can support KK Wind Solutions to grow their business, speeding up the required transition in sustainable energy solutions,” says André Küüsvek, NIB President and CEO.

Building on more than 40 years’ experience, KK Wind Solutions is a strong partner in electro-mechanical systems for wind turbines. Their capabilities span the development of state-of-the-art technologies, high-quality lean manufacturing, flexible aftermarket solutions and advanced monitoring services. KK Wind Solutions is owned by A.P. Moller Holding, the parent company of the A.P. Moller Group, which was established in 1904.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

For further information, please contact
Søren Hovgaard, Country Lead Denmark, Senior Advisor, at +45 4081 3575, soren.hovgaard@nib.int

Lotta Forssell, Senior Communications Officer, at +358 10 618 0498, lotta.forssell@nib.int