NIB and Nivos Energia improve energy and water infrastructure in Finland
The Nordic Investment Bank and the Finnish utility company Nivos Energia Oy have agreed a €10 million loan to finance renewable energy and water-related investments in the municipality of Mäntsälä, north of Helsinki.
The 14-year loan programme will finance Nivos Energia’s investments in improving the renewable energy supply and maintaining a sustainable water infrastructure.
It includes the construction of a biogas plant at Knehtilä, an organic cereal farm in the rural community of Palopuro. The farm is part of a network of local grain producers and processors. Biomass from green manuring leys from Knehtilä’s crop rotation will be combined with horse and chicken manure from neighbouring farms for processing into biogas, to be used for farm machinery and for sale for passenger cars.
The projects are being implemented during 2018-2022.
