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Estonian Loan Costs for Renewables May Increase: Swedbank

Estonian news - eteap February 20, 2013

Bloomberg, 20.02.2013

Estonian renewable-energy projects will face higher bank-financing costs if Parliament approves retroactive changes to subsidies they receive, said Priit Perens, the head of Swedbank AB’s local unit.

With government financing included in cash-flow calculations made by banks to assess the viability and cost of such projects, changes to subsidies will create greater uncertainty for investment in renewable energy, Perens, also the chairman of the Estonian Banking Association, said in an interview in the capital, Tallinn, yesterday.

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