€500m for Arctic biomass power development

Development in the northern Scandinavian region is a “priority”, says NIB

The Nordic Investment Bank (NIB) has announced a share of €500m will be available in loans to businesses wanting to build biomass-fired power stations in the Arctic region.

On 7 September, the NIB’s president and chief executive, Henrik Normann, said the Nordic countries that own the bank saw development in the region as a "priority".

The focus will be on the northern Scandinavian countries within the Arctic Circle including Norway, Sweden and Finland as well as Greenland. 

Loans will also be available to those working on increasing electricity transmission capacity in the region.

The NIB has further stated it wants to support projects such as railways, roads and ports in the region, which could also boost biomass feedstock transport to planned facilities.


Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in
Follow Us:

  • Head of Environment

    Magnox is an exciting place to be, and this role is the perfect opportunity for you to be part of our challenging mission - to safely and successfully manage the UK’s civil nuclear legacy on behalf of the nation.

  • Sustainability Consultant (Climate change and Carbon reduction)

    JSM Associates has a unique opportunity to join one of the world’s most highly regarded Independent Engineering Consultancy firms.