Nordic Investment Bank

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NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

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NIB lends to Lyse electricity grid upgrade in Norway

Fri, Jan 21, 2022 12:07 CET

The Nordic Investment Bank (NIB) has signed a 15-year loan with Norwegian energy, telecommunications and power grid company Lyse AS to finance an expansion and upgrade of its electricity grid. The project also includes a new office building in Sandnes to receive the BREEAM-NOR Excellent certification.The EUR 99.32 million (NOK 1 billion) loan will co-finance investments in constructing and upgrading 132 kV power lines between Opstad and Håland, Fagrafjell-Vagle-Stokkeland, and between Dalen-Veland-Hjelmeland. The regional grid investments will connect additional renewable generation with

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NIB lends to Lyse electricity grid upgrade in Norway

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