NIB finances green projects and SMEs in Norway

In:

Renewable energy, Traditional energy

Region:

Europe

The Nordic Investment Bank and Norway’s Brage Finans have signed a NOK250 million (€25 million) loan facility for on-lending to environmental projects and for financing equipment leasing for SMEs.

Eligible projects under the seven-year loan programme include investments in electric vehicles and charging stations, the installation of solar panels, and agriculture, fishery and forestry.

Brage’s portfolio consists mainly of SMEs and retail clients. This is the second loan programme agreed with Brage Finans; the first facility was signed in 2018 and has been fully allocated to SME projects in Norway.

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