NIB, Helgeland Sparebank offer EUR 32m for enviro projects in Norway

Wind turbines in Norway. Author: Ole Husby.

December 3 (Renewables Now) - The Nordic Investment Bank and Norway-based Helgeland Sparebank are offering financing for environmental projects as well as for small and medium-sized companies in northern Norway under a 5-year loan programme of NOK 300 million (USD 35m/EUR 31.8m).

Environmental projects that can benefit from the programme include renewable energy investments, waste reduction in agriculture, biogas digestion and investments resulting in lower greenhouse gas emissions, according to the statement.

The new facility comes after the first loan programme agreed between NIB and Helgeland Sparebank in 2016, which has been fully allocated.

“The sustainable development of the Arctic is crucial to the future of our region. This especially concerns renewable energy, pollution reduction and the creation of economic opportunities," said NIB CEO Henrik Normann.

NIB is based in Finland and owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden.

(NOK 1.0 = USD 0.117/EUR 0.106)

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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