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 Iceland in 2017.
This is the first JBIC-NEXI buyer’s credit facility for a renewable energy project within High Income OECD Countries.
Hordur Arnarson, CEO said: “This is a milestone agreement for Iceland and Japan since this is the first ECA financing Iceland has received from Japan. We are very pleased with the support from the Japanese institutions to finance our first geothermal renewable energy project.”
ST Staff Writers
This post was prepared by Solar Thermal Magazine staff.