NIB finances water and renewable energy in Borlänge, Sweden

NIB and AB Borlänge Energi have signed a 15-year loan agreement to finance the construction of wastewater infrastructure and power transmission lines in Borlänge, Sweden.

The SEK 100 million (EUR 9.46 million) loan will improve the drinking water and sewage treatment of Borlänge by expanding water infrastructure at Lennheden. The loan will also finance a power line connecting the Orrberget wind power mills to the grid with renewable energy, thus bringing more renewable energy to the Swedish grid and contributing to its decarbonisation.

The ongoing Lennheden sewerage project involves laying approximately 12 kilometres of pipes, and installing pumping stations, to connect some 300 individual properties to the central wastewater treatment plant in Borlänge. The new capacity will amount to 670 population equivalents (PE). The investment will reduce the risk of contaminating the groundwater aquifer of Badelundaåsen and improve the treatment of wastewater from the households.

The investment consists of a 27-kilometre cable and an overhead 36 kV power line to connect the nine windmills at Orrberget to the network, with a total capacity of 33 MW expected to produce around 96 GWh of renewable electricity annually. The power line was completed in 2019.

AB Borlänge Energi offers a wide range of services including heat and power generation and distribution, power grids, fibre internet, wastewater treatment and waste management. The utility is 100% owned by the Municipality of Borlänge.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

For further information, please contact
Mr Patrik Marckert, Senior Manager, Origination, at +358 10 618 0266, patrik.marckert@nib.int

Mr Arild Moen, Senior Communications Officer, at +358 10 618 0496, arild.moen@nib.int