Tide Buss AS
| Date: | 25.5.2026 |
|---|---|
| Country: | Norway |
| Customer: | Tide Buss AS |
| Amount in NOK: | NOK 241 million |
| Amount in EUR: | EUR 22.4 million |
| Maturity: | 10 years |
| Business sector: | Connectivity & Consumer |
Project
The loan has been provided to finance the purchase of electric buses to be operated under long-term concessions granted by the respective Public Transportation Authorities in Vestfold, Sogn and Sunnhordland in Norway. NIB will finance up to 50% of the total project costs of NOK 498 million.
This operation benefits from support from the European Union under the InvestEU Fund, accredited under the NIB Framework on Green Mobility & Transportation.
Fulfilment of NIB's mandate
The operation is assessed to contribute to NIB’s mandate with a Productivity mandate rating of Marginal and an Environmental mandate rating of Excellent.
Sustainability summary
The investment is expected to deliver significant CO₂ savings and reduce local air pollutants. All buses meet the EU Taxonomy substantial contribution criteria for zero tailpipe emissions. Due to cold climate operations, fuel-based auxiliary heaters will be used. Vestfold buses will use hydrotreated vegetable oil (HVO)‑based heaters only, while other routes will rely on diesel‑based heaters.
