Eviny AS

The loan has been provided to co-finance Eviny’s investments in vehicle charging infrastructure and the enhancement of hydropower plants.

Eviny is investing in fast vehicle charging equipment to enhance customer experience and expand its market share. The plan is to install around 3,000 chargers of 200 kW to 400 kW in Germany, Norway, Sweden and Denmark. Of these, 483 were installed in 2024, and 854 are scheduled for installation in 2025. Approximately half the chargers will be in Germany, which is expected to see significant growth.

Additionally, Eviny is investing in the enhancement of six hydropower plants. The improvements will secure the power plants’ continued operation. The total hydropower investment amounts to NOK 343 million.

The total investment costs for these two projects amount to NOK 2.375 billion, of which NIB is financing 49% of the total.

Vehicle charging infrastructure
Productivity
Eviny is expanding its EV charging infrastructure in Germany and Scandinavia.

Environmental
The development of electrical charging systems is crucial for supporting the transition to cleaner and more energy-efficient transport systems.

Upgrade of six hydropower plants
The investment programme includes a combination of dam reinforcements, intake upgrades and turbine revisions across six hydropower plants in Norway, most of which have reached the end of their technical and economic lifespans.

The upgrades have an increased energy production of 21.6 GWh per year due to the increased installed effect. The estimated annual CO₂ savings are approximately 4,600 tonnes CO₂ equivalents.

Vehicle charging infrastructure
The project supports the transition to low-carbon road transport, with no negative environmental impact.

Upgrade of six hydropower plants
All necessary concessions and permits with the Norwegian Water Resources and Energy Directorate (NVE) are in place. The upgrades are not expected to cause any significant negative environmental effects.