All agreed loans

Norway. Norsk Hydro ASA

Date of loan: 10 Dec 2010
Country: Norway
Customer: Norsk Hydro ASA
Amount in EUR: EUR 30 million
Maturity: 10 years
NACE sector / loan type: Manufacturing
Business area: Industries and services

Environmental effect

This loan contributes to climate change mitigation: 100%

Project

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.

Sustainability summary

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.