NIB finances Statnett’s investments in the transmission infrastructure in Norway
The Nordic Investment Bank (NIB) and the Norwegian transmission system operator Statnett have signed a 9-year loan of NOK 1 billion (approximately EUR 84.4 million). The loan contributes to investments in transmission infrastructure to meet the rising energy demand and support the green transition. The upgrades and new capacity adds value to Norwegian power generation, supports electrification, contributes to reduced price differences and provides improved overall security of supply. The loan will finance two projects. Statnett is upgrading the 300 kV power line between Aurland and