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NIB is the international financial institution of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. The Bank finances projects that improve productivity and benefit the environment of the Nordic-Baltic region. The Bank is headquartered in Helsinki with a regional hub in Riga. NIB has the highest possible credit rating, AAA/Aaa, with S&P Global Ratings and Moody’s.

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NIB, Luminor and NORD/LB to co-finance a 148 MWp solar farm in Latvia

The Nordic Investment Bank (NIB), Luminor Bank and NORD/LB have agreed to co-finance a 148 MWp solar farm in the Ventspils municipality. The project is developed by Stelo Orienta SIA, a subsidiary of European Energy, a Danish renewable energy company.The overall financing amounts to EUR 68 million. NIB’s EUR 28 million loan is supported by the European Union under NIB’s InvestEU Framework Operation on Clean Energy Transition. This is NIB’s first InvestEU loan in Latvia. The financing will increase the overall solar generation capacity in Latvia, which currently stands at 600 MW.  Latvia’

NIB finances renewable energy supply for green ammonia production in Lithuania

The Nordic Investment Bank (NIB) and UAB LT Energija have signed a EUR 100 million loan for a 264 MW wind farm in Pagėgiai, Lithuania. The European Union supports EUR 43.5 million of the loan under the NIB's InvestEU Framework Operation on Clean Energy Transition.The 21-year maturity loan will finance the construction of 40 wind turbines, as well as the associated civil and electrical infrastructure. The Pagėgiai wind farm will significantly increase energy generation capacity in Lithuania, which currently imports the majority of its power consumption. It will generate an estimated 602

NIB signs 10-year loan to finance Viking Link interconnector

The Nordic Investment Bank (NIB) agrees a 10-year loan agreement with Danish TSO Energinet to increase the co-financing to construct the Viking Link, a 760- kilometre 1.4 GW high voltage direct current electricity interconnector between the substations of Revsing in southern Jutland in Denmark, and Bicker Fen in Lincolnshire, Great Britain.The DKK 1,500 million (EUR 201.67 million) loan will enable the more effective utilisation of renewable energy, access to sustainable electricity generation, and improve the security of electricity supplies. This is the second 10-year loan signed with

NIB finances the Borssele 1 & 2 wind farm in the Netherlands

Nordic Investment Bank (NIB) has signed an 8-year loan agreement with Denmark’s largest energy group Ørsted A/S for the financing of its investment in the Borssele 1 & 2 offshore wind farm, about 22 kilometres from the coast of the Dutch province of Zeeland in the Netherlands.The EUR 175 million loan is eligible to be funded by NIB Environmental Bond proceeds. The loan will co-finance Ørsted’s investment in the wind farm, which consists of 94 wind turbines, each with a capacity of 8 MW. The installed capacity of the Borssele 1 & 2 wind farm is 752 MW, making it the largest of its kind in

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