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Ethiopia: Danske Bank agrees loan for wind project


Issue 420 - 24 Jul 2020
Denmark’s Danske Bank signed a loan agreement worth €117m ($128m) in June for the 100MW Assela wind project. The agreement is awaiting approval by Ethiopia’s parliament. Assela is backed by Denmark’s Ministry of Development Cooperation through Danish International Development Assistance (Danida), which signed an agreement to support the €146m project in 2018. Danida is providing both grants and guarantees for Danske Bank.

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