European Energy secures a novel five-year EUR 150 million Green Portfolio Financing Facility with DNB & SEB designed to accelerate the deployment of renewable energy projects.

- We are thrilled to partner with DNB and SEB to launch this innovative facility. It marks a significant step forward in optimizing the financing process for our renewable energy initiatives in Northern Europe, ensuring that crucial projects can swiftly move from conception to execution, said Flemming Jacobsen VP and Head of Group Treasury and Financial Planning at European Energy.

Simon Beckman, SVP, DNB Renewables & Clean Tech, adds:

- We are proud and grateful for the trust placed in DNB to support European Energy with the structuring and execution of this landmark transaction, alongside SEB. European Energy is a key client for DNB’s renewables sector franchise, and with this tailored financing solution we are cementing our long-term commitment to and partnership with European Energy while also enabling their strong business and asset base growth. We are excited to continue and support European Energy in the years ahead on their important mission as an instrumental player in the energy transition imperative, which pairs well with DNB’s own ambitions as a leading Nordic financing partner of sustainable business activities.