NIB lends to grid upgrading investments in Western Norway
The Nordic Investment Bank (NIB) signs a 7-year loan deal with Norwegian power distribution network operator Mørenett AS to enhance the grid efficiency, capacity, and future electrification in the county of Møre og Romsdal.The NOK 200 million (EUR 20.96 million) loan from NIB is part of Mørenett’s NOK 430 million investment programme between 2021 and 2025. The investments will improve the quality of infrastructure services and reduce current grid constraints while enhancing security of supply.
Given the growing number of electric cars, buses, and ferries, the investment programme will