Danish Export Credit Agency's wind proportion halved in new record year

Covid-related delays meant that fewer wind projects received financing in 2020, when the pandemic otherwise mercifully skipped over Denmark's Export Credit Agency. Deputy CEO expects both things to change this year, however.
Taiwanese offshore wind farm Formosa is one of the projects previously financed by EKF. | Photo: Ørsted
Taiwanese offshore wind farm Formosa is one of the projects previously financed by EKF. | Photo: Ørsted

It might well be that the Covid-19 pandemic closed many borders during 2020. But it didn't shut down Danish export credit, as shown by the annual report of Denmark's Export Credit Agency (EKF), which states the 2020 result increased for the sixth consecutive year and set a new record at DKK 746m (EUR 100m).

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