InvestEU: NIB lends to zero and low carbon vessels with infrastructure in Norway

By | 2024 Newsletter week 11 | No Comments

NIB (Nordic Investment Bank) signs a 7-year loan to co-finance ferry and express boat operator Norled AS’ investments in zero and low carbon vessels and related land-based infrastructure in Norway during 2024-2030.

The InvestEU programme supports the loan under NIBs Framework Operation Green Mobility and Transport approved by the Investment Committee.

This NOK 500 million (EUR 43.4 million) loan will help Norled finance the extension of its low-carbon fleet. This is NIB’s first InvestEU loan in Norway.

NIB finances EQT-backed Molslinjen and Torghattens’ sustainability transformation in Denmark and Norway

By | 2022 Newletter week 16 | No Comments

NIB has signed a 7-year loan agreement with a EQT owned company to finance capital expenditures relating to electric ferries operated by Molslinjen A/S in Denmark and Torghatten AS in Norway.

The EUR 84.71 million loan, which is fully eligible to be funded by NIB Environmental Bond proceeds, will be key in realising EQT Infrastructure’s ferry capital expenditure programme during 2021-2026.

EQT Infrastructure is combining the two leading ferry companies, Molslinjen and Torghatten, under one common holding vehicle to establish a pan-Nordic floating bridge and island-to-mainland transportation infrastructure champion. The combined entity will become the leading maritime transportation company located in one of the most attractive and creditworthy regions, with a strong and resilient financial profile underpinned by robust cash flow visibility and a highly diversified route and contract portfolio.

NIB Finances Hybrid Cargo Ships in Finland

By | 2020 Newsletter week 41 | No Comments

Helsinki-based Nordic Investment Bank and Finnlines Plc have agreed a loan of EUR 30 million to finance the acquisition of three new hybrid cargo vessels.

The new hybrid cargo vessels will be equipped with high-powered battery banks and photovoltaics, which will allow the ships to use electricity and operate emission-free while docked. The vessels will be delivered during 2021–2022, and will operate on routes between Finland and Europe.