Norway. Statkraft AS
| Date of agreement: | 03 Apr 2025 |
|---|---|
| Country: | Norway |
| Customer: | Statkraft AS |
| Amount in USD: | USD 339 million |
| Amount in EUR: | EUR 314 million |
| Maturity: | 10 years |
This loan contributes to climate change mitigation: 100%
Project
The loan has been provided to Norwegian Statkraft AS, the largest renewable power generator in Europe, to fund part of its investment programme in renewable energy infrastructure.
This financing will help fund various upgrades and modernisation projects aimed at enhancing the company’s renewable energy production capacity. The investments will ensure continued cost-effective power production while strengthening the resilience of infrastructure to extreme weather events and other challenges.
Fulfilment of NIB's mandate
Upgrades to infrastructure will extend the lifetime of production assets that play an essential role in the Norwegian and broader European energy networks.
These investments contribute to the long-term sustainability of renewable energy sources in the region.
Indicators of impacts related to the investments:
- Number of facilities refurbished
- Additional installed capacity (MW)
- Additional renewable energy generation
Sustainability summary
Statkraft is committed to responsibly mitigating its impact on biodiversity. The company currently does not have measurable biodiversity targets, but it has the ambition to have a majority of new solar and onshore wind energy developments with a final investment decision from 2030 and onwards for a net gain commitment. Meanwhile, Statkraft will develop a guideline and tool for net gain or no net loss commitments in project developments, and drive improvement at our existing assets by identifying prioritised sites for improvement measures.
