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 Varanger Kraft´s hydrogen and power grid projects

Wed, Sep 27, 2023 08:05 CET

The Nordic Investment Bank (NIB) has signed a seven-year loan agreement with Norwegian utility company Varanger Kraft to upgrade their hydrogen facility for commercial operations and improve the electricity distribution network in the Varanger region in Norway.A segment of the NOK 50 million (EUR 4.3 million) loan will co-finance Varanger Kraft´s Berlevåg hydrogen production facility. This facility encompasses a 2.5MW electrolyser, hydrogen compressors, and a storage tank, aiming to produce hydrogen for regional use by late 2024. The potential beneficiaries of this hydrogen output span

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NIB lends to Varanger Kraft´s hydrogen and power grid projects

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