Project Financing for the Monte Grighine project


Herlev, 11 December 2009


Company announcement no. 28/2009


Project financing for the Monte Grighine project

Greentech Monte Grighine Srl. has now been informed by the lending banks that
all terms and preconditions for drawing on the project financing are fulfilled,
thus making the loan facility operational. The final loan proceeds amount to
EUR 95.4 million, of which EUR 46.8 million will be disbursed to Greentech
Energy Systems A/S. 

As a result, Greentech Monte Grighine Srl. has asked for permission to draw on
the loan. Pursuant to the request filed, the first loan disbursement will be
made on 15 December 2009. Greentech Energy Systems A/S' share of the first
drawing on the loan amounts to EUR 39.9 million. The remaining loan proceeds
will be disbursed during 2010. 

At the same time, Greentech Energy Systems A/S announces that the first wind
turbine in the project has been connected to the grid, commencing commercial
production. Commissioning and thus commercial production of all the turbines is
expected to be finalised within the next two months. 


 

The Board of Directors 


For further information, please contact:
Kaj Larsen, CEO, tel. +45 33 36 42 02
Svend Sigaard, Chairman of the Board of Directors, tel. +45 23 68 24 02
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