Norway. LINJA AS
| Date of agreement: | 11 Apr 2025 |
|---|---|
| Country: | Norway |
| Customer: | LINJA AS |
| Amount in NOK: | NOK 700 million |
| Amount in EUR: | EUR 58 million |
| Maturity: | 10 years |
This loan contributes to climate change mitigation: 100%
Project
The loan has been provided to Linja AS for financing electricity network investments in Western Norway between 2024 and 2026.
The NOK 700 million (approximately EUR 58 million) loan will co-finance the construction of a new power line and the refurbishment of existing infrastructure. The voltage will be upgraded from 66 kV to 132 kV. The project includes the installation and upgrading of between six and seven substations. These investments will reduce losses and service interruption.
Linja AS is an electricity distribution network company (DSO) operating in Møre og Romsdal and Sogn og Fjordane counties in Western Norway. Based near the town of Ålesund, Linja’s primary owners are Tafjord Kraft, Tussa Kraft AS and Sogn og Fjordane Energi AS. The company provides electricity to 170,000 residents with a power grid of 12,500 km.
Fulfilment of NIB's mandate
Productivity
The upgrading and expansion of the networks will improve the quality of infrastructure services and enhance security of supply in the region. The increase in capacity due to the investments in sub-stations and networks will allow for potential increases in demand.
Environment:
The projects will upgrade the regional electricity grids in Western Norway, meeting the increased capacity demands due to the general electrification of society. The capacity in the network will increase by approximately 60 MW. Investments contributing to increased electrification in power networks are considered EU Taxonomy-aligned for climate change mitigation.
Sustainability summary
No significant sustainability concerns have been identified in relation to the project.
