Rigzone
Summary
The European Investment Bank (EIB) will provide a EUR 150 million ($160.7 million) loan to Helen Ltd. for two new renewable energy projects to transform Helsinki’s district heating system.
The energy company owned by the City of Helsinki needs EUR 209 million ($224 million) for the projects. EIB said in a media release that the loan covers 72 percent of the projects’ bill. The investment is part of the EIB’s package of support for REPowerEU, the plan to reduce the European Union’s dependence on imports of fossil fuels.
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