InvestEU: NIB lends to zero and low carbon vessels with infrastructure in Norway
The Nordic Investment Bank (NIB) signs a 7-year loan to co-finance ferry and express boat operator Norled AS’ investments in zero and low carbon vessels and related land-based infrastructure in Norway during 2024-2030. The InvestEU programme supports the loan under NIBs Framework Operation Green Mobility and Transport approved by the Investment Committee.This NOK 500 million (EUR 43.4 million) loan will help Norled finance the extension of its low-carbon fleet. This is NIB’s first InvestEU loan in Norway. Norway is electrifying its transport network at a rapid pace, aiming to cut 50% of