Swedish Space Corporation invests to finalize satellite launch capability at Esrange Space Center – first satellite to be launched in 2022
Swedish Space Corporation (SSC) and the Nordic Investment Bank (NIB) have signed a EUR 12 million loan agreement for the finalization of a new spaceport at Esrange Space Center in Kiruna, northern Sweden. The 12-year maturity loan will finance the investments to enable the use of reusable rockets and the ability to launch small satellites into orbit as early as 2022, making Esrange the first major orbital launch site in the EU.
The 12 MEUR loan is part of an extensive modernization of Esrange that has been ongoing since 2015 – a total investment of around 50 MEUR. The loan will finance