3 Jul 2020
EUR 60 million
Financial institutions and SMEs
|Date of agreement:||10 Dec 2010|
|Customer:||Norsk Hydro ASA|
|Amount in EUR:||EUR 30 million|
|NACE sector / loan type:||Manufacturing|
|Business area:||Industries and services|
This loan contributes to climate change mitigation: 100%
The 10-year-maturity loan totalling EUR 30 million has been provided to re-finance investments in R&D activities, emission treatment and renewable energy.
The projects are in accordance with NIB's environmental policy and guidelines. The output of the hydropower plants has increased. The R&D activities have been aimed at energy efficient production technology. The emissions from aluminium production have been reduced. NIB estimates that the loan will contribute to a decrease of approximately 20,000 tonnes of CO2 emissions per year.