ANNOUNCEMENT 31 Dec 2010

In December 2010, the German Export Crediting Agency announced its support of an export project concerning the construction of a wind park with 18 wind turbines in Turkey.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

AGA-Portal archive:
https://www.agaportal.de/main-navigation/exporte-exportkreditgarantien/praxis-exportkreditgarantien/projektarchiv-exportkreditgarantien

Inception date: 31 Dec 2010 | Removal date: open ended

Trade finance

The export loan was announced in December 2010 and finances the construction of a wind park with 18 wind turbines ('Errichtung eines Windparks mit 18 Windturbinen') in Turkey. The benefitting German exporter is an unidentified producer.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 2. This category includes projects with a financing value between 16 and 50 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 16 million EUR (21 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 15 years. The financing institution is Commerzbank AG, Frankfurt.

AFFECTED SECTORS

 
544

AFFECTED PRODUCTS

 
N/A