ANNOUNCEMENT 31 Aug 2010

In August 2010, the German Export Crediting Agency announced its support of an export project concerning the delivery of wind turbines to Turkey.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Aug 2010 | Removal date: open ended

Trade finance

The export loan was announced in August 2010 and finances the delivery of wind turbines ('Lieferung von Windenergieanlagen') to Turkey. The benefitting German exporter is GE Wind Energy GmbH.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 1. This category includes projects with a financing value between 10 and 15 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 10 million EUR (13 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 15 years. The financing institution is HSBC Bank plc., London.

AFFECTED SECTORS

 

AFFECTED PRODUCTS