VIKING HEAT ENGINES (EGFF) (EIB-20160749)

Countries
  • Germany
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
VIKING HEAT ENGINES GERMANY GMBH
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 35.46 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 30 million
Converted using 2017-07-31 exchange rate.
Loan Amount (USD)
$ 35.46 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 30 million
Converted using 2017-07-31 exchange rate.
Project Cost (USD)
$ 105.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 89 million
Converted using 2017-07-31 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Feb 16, 2018

Disclosed by Bank Jul 31, 2017


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Project Description

According to EIB website, the project consists of the entry by this start-up into the industrialisation of its innovative equipment to recover energy from low temperature industrial (waste) heat sources, and convert it into electricity or higher temperature suitable for re-use. Primarily, this project will help the company implement its planned 2017-2019 activities, investments and expenditures to scale up its manufacturing processes, and further develop its technology. 

In terms of environmental aspects, the client will be asked to ensure that the activities will comply with EU legislation.

Investment Description
  • European Investment Bank (EIB)
Contact Information

No contact information provided at the time of disclosure. 

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