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nordic investment bank

NIB finances Western Corridor project in Norway

2 mins read

The FINANCIAL — NIB and the Norwegian system operator Statnett have signed a 15-year loan of NOK 1.2 billion. The loan contributes to finance the upgrade of the main electricity grid in South-West Norway. The Western Corridor is a common name for the main electricity grid in South-West Norway, which includes the counties of Agder and Rogaland. Statnett expects to complete the Western Corridor during 2021 and estimates a total investment cost of approximately NOK 6.5 billion. “The loan agreement contributes to the financing of the Western Corridor, which is an important project towards the electrical future. We at Statnett…

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NIB finances Western Corridor project in Norway

2 mins read

The FINANCIAL — NIB and the Norwegian system operator Statnett have signed a 15-year loan of NOK 1.2 billion. The loan contributes to finance the upgrade of the main electricity grid in South-West Norway. The Western Corridor is a common name for the main electricity grid in South-West Norway, which includes the counties of Agder…

NIB finances electrified rail transport in Denmark

2 mins read

The FINANCIAL — NIB and the Danish state railway company DSB have signed a loan agreement of EUR 400 million to finance the acquisition of electric rolling stock during 2020–2025. The 15-year loan will finance 42 new, electric locomotives as well as more than 100 train sets and coaches. The investment is part of a ten-year…

NIB finances UPM’s next-generation biorefinery in Germany

3 mins read

The FINANCIAL — NIB and the Finnish forest industry company UPM-Kymmene Oyj have signed a 10-year loan agreement for EUR 200 million for financing the construction of a biorefinery producing wood-based biochemicals in Leuna, Germany, that will provide bio-based sustainable alternatives for fossil resources. The loan co-finances UPM’s EUR 550 million investment in an industrial scale…

Wastewater treatment is key to protecting Baltic Sea

9 mins read

The FINANCIAL — Issued this October, NIB’s Blue Bond is financing a loan to the Blominmäki wastewater treatment plant in the City of Espoo, Finland. Once ready, the advanced treatment will significantly reduce the discharge of nitrogen and phosphorous into the Baltic Sea. Wastewater treatment is one of the fastest ways we can improve the…

NIB finances wind farm in Poland

2 mins read

The FINANCIAL — NIB has signed a 16-years loan agreement with Pomerania Wind Farm sp. z o.o. for an onshore wind farm in Pomeranian Voivodeship, about 50 kilometres south of the Bay of Gdansk, Poland. The PLN 150 million (EUR 33.05 million) loan will co-finance the design, construction and operation of the wind farm, which…

NIB issued 5-year SEK 1.5 bln Nordic–Baltic Blue Bond

3 mins read

The FINANCIAL —  On 6 October, NIB issued a new Nordic–Baltic Blue Bond focusing on water related investments. The five-year SEK 1.5 billion issue will be used to finance projects within water management and protection..  The transaction is NIB’s second Nordic–Baltic Blue Bond launched under the Bank’s Environmental Bond Framework. The use of its proceeds…