Sparebanken Vest will use this ten-year-maturity loan for financing its new loan program for new hydropower projects and upgrading existing hydropower plants.
The loan program will exclusively finance small hydroelectric projects within Sparebanken Vest’s market in Norway during 2010-2013.
NIB President and CEO Johnny Ã…kerholm said renewable energy projects are among NIB’s core loan projects, and financing smaller projects through Sparebanken Vest is an efficient way for NIB to reach small energy companies in Norway.
Sparebanken Vest is a regional savings bank in western Norway, and it provides its customers a wide range of banking, insurance and investment services.
