NIB signs loan agreement with Statkraft in Norway

NIB has signed a 10-year loan agreement with Statkraft AS, Europe’s largest renewable power generator, to support its investment programme.

The USD 339 million (approximately NOK 3.5 billion) loan will finance Statkraft’s ongoing efforts to strengthen its renewable energy portfolio and maintain its leading role in sustainable power generation.

“We are pleased to support a key player in the renewable energy sector. Investments in sustainable power generation are crucial to ensuring a resilient and efficient energy infrastructure,” says Patrik Marckert, Director, Head of Project & Structured Finance, NIB.

Statkraft is Europe’s largest producer of renewable energy. The company generates hydropower, wind power, solar power and gas power, and supplies district heating. The company has over 7,000 employees and operates in more than 20 countries.

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 S&P Global Ratings and Moody’s.

Contacts:
Patrik Marckert, Senior Banker, +358 10 618 0266, patrik.marckert@nib.int

Oliver Mølvang Hermansen, Associate Communications Officer, +358 10 618 0225, oliver.hermansen@nib.int