Global Trade Alert
Global Trade Alert

Norway: NIB signs EUR 30 million loan with Sogn og Fjordane Energi AS to upgrade the Øksenelvane hydropower plant

Announcement

19 May 2025

In May 2025, the Nordic Investment Bank (NIB) signed a loan agreement with Sogn og Fjordane Energi AS to finance the upgrade of the Øksenelvane hydropower plant in Norway, aimed at increasing renewable electricity generation and improving operational efficiency.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

19 May 2025

Revocation date:

No revocation date

Updated: 21 Jun 2025
State loan In force

On 19 May 2025, the Nordic Investment Bank (NIB) signed a EUR 30 million (USD 40.4 million) loan with Sogn og Fjordane Energi AS (SFE). The loan will finance the Øksenelvane hydropower plant upgrad...

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