NIB finances water and green energy project in Sweden
The Nordic Investment Bank and AB Borlänge Energi have signed a 15-year loan agreement to finance the construction of wastewater infrastructure and power transmission lines in Borlänge, Sweden.
The SEK100 million (€9.46 million) loan will improve the drinking water and sewage treatment of Borlänge by expanding water infrastructure at Lennheden. The loan will also finance a power line connecting the Orrberget wind power mills to the grid with renewable energy - bringing more renewable energy to the Swedish grid and contributing to its decarbonisation.
The ongoing Lennheden sewerage project involves laying approximately 12km of pipes, and installing pumping stations, to connect some 300 individual properties to the central wastewater treatment plant in Borlänge.
The investment consists of a 27km cable and an overhead 36kV power line to connect the nine windmills at Orrberget to the network, with a total capacity of 33MW expected to produce around 96GWh of renewable electricity annually. The power line was completed in 2019.
