China’s Envision Energy will be able to tap into finance backed by Danish Export Credit Agency EKF after forging a novel partnership with the organisation and blade-maker LM Wind Power.
LM Wind Power is the biggest Denmark-based supplier to turbine OEM Envision, which has now been issued with a buyer-credit letter by EKF under the three-way financing initiative.
The letter allows the Chinese group to tap into global funding from Santander, a specialist in financing backed by EKF, which has a mission to help Danish companies win business worldwide.
Envision chief financial officer Lily Low said: “This EKF-backed credit line will support our international expansion enabling us to deliver our growth strategy, with the Denmark-based companies as our business partners.”
Duncan Berry, CEO of GE-owned LM Wind Power said: “This set-up adds additional value to our partnership with a long-term customer.”
