NIB in Norway

NIB has been operating in Norway since 1977, providing approximately EUR 12.6 billion (NOK 147.5 billion) in financing to more than 370 projects in the country.

Norway founded NIB together with the other Nordic countries in 1975. Some of NIB’s latest financed projects in the country include new electric ferry line connections, increasing hydropower capacity and a sustainability-linked loan to Borregaard.

Start of operations: 1977

Projects financed: over 370

Amount financed: ∼EUR 12.6 billion

In recent years, NIB has financed electricity distribution and transmission networks, transportation electrification, and renewable energy generation.

NIB has also contributed to the development of hydropower and wind power projects. Additionally, NIB is financing numerous sustainable real estate projects in Norway.

Looking ahead, NIB aims to continue to support and accelerate the green transition.

Authorised capital

Member country
Authorised capital
Country’s share
Total 8,368,844,474.11€100.0%
* Credit ratings by Moody’s and Standard & Poor’s as of 10 November 2023

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Contact us

Harald Rokke

Country Lead for Norway
+358 10 618 0286

Arild Moen

Associate Communications Director
+358 10 618 0496

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