NIB finances Å Energi’s grid investments in Southern Norway
The Nordic Investment Bank (NIB) and Å Energi AS have signed a 10-year loan to enhance and strengthen the distribution networks in the counties of Agder and Buskerud in Southern Norway, with Glitre Nett serving as the grid company within the Å Energi group.The NOK 1 billion (EUR 85 million) loan will help build new grid lines, transformer stations and refurbish existing ones in the counties of Agder and Buskerud, including Bjorbekk, Ramslandsvågen, Tollboden, Skollenborg, Spikkestad and Sundland. The investments will be made during 2024-2026. The 22 projects to be cofinanced by NIB