(IN BRIEF) The European Investment Bank has approved a €200 million loan to Latvenergo AS to upgrade Latvia’s electricity distribution network, enhancing reliability for nearly 1.9 million customers while integrating digital innovations and renewable energy sources. Scheduled for completion by … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Luxembourg, Management, News, Technology
Tagged Climate Action, digital innovation, EIB, Electricity distribution network, energy security, European Investment Bank, financing accord, green credentials, Guntars Baļčūns, Latvenergo AS, Latvia, National Energy and Climate Plan, partnership, renewable energy, sustainability, sustainable energy, Thomas Östros, €200 million loan
(IN BRIEF) The Nordic Investment Bank (NIB) has entered a 7-year loan agreement with Arva AS, a Norwegian distribution grid operator, to bolster the efficiency and resilience of the electricity distribution network in Northern Norway. Valued at NOK 500 million … Read the full press release
Posted in Banks, Energy, Gas & Oil, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Norway
Tagged Arctic Norway, Arild Moen, Arva AS, Bodø Energi, charging infrastructure, credit rating, economic growth, Electricity distribution network, Electrification of society, financial institution, Grid efficiency, Grid resiliency, Infrastructure refurbishment, Investment programme, Moody’s, NIB, Nordic Investment Bank, Patrik Marckert, power lines, Public sector financing, Standard & Poor's, Sub-stations, Troms Kraft
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