NIB defines business strategy for energy sector

NIB has defined a business strategy for the energy sector. This approach will help the Bank to fine-tune its operations in this focus sector.

“The new business strategy will help us increase proactivity and ensure that projects the Bank finances in this sector are in line with our mandate and have a good risk quality,” says Yngve Söderlund, Senior Manager at the Bank’s Business Development Unit and the leader of a working group that developed NIB’s business strategy for the energy sector.

Working towards fulfilling its mandate, NIB will continue prioritising projects improving energy efficiency, promoting power generation from renewable sources and carbon neutral technologies, strengthening electricity transmission networks and interconnections in the Baltic Sea region, all important to secure a sustainable and efficient energy supply.

NIB’s approach is in line with national energy strategies, the EU targets for climate change mitigation and the promotion of sustainable development as well as the targets of the EU Baltic Energy Market Interconnection Plan, BEMIP, for full integration of the three Baltic countries into the European energy market.

For more information, read Summary of the Business Strategy (PDF, 238 KB).