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Faeroe Islands: NIB signs EUR 34 million loan agreement with Elfelagið SEV

Description

On 29 June 2022, the Nordic Investment Bank (NIB) signed a loan agreement with Elfelagið SEV to co-finance the construction of a pumped hydroelectric energy storage system in the Faroe Islands. The to...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

29 Jun 2022

Revocation date

No revocation date

Implementation level

IFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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