Nordic Investment Bank

Nordic Investment Bank is an international financial institution headquartered in Helsinki, Finland. It provides sustainable, long-term financing to public and private sector clients on market terms, offering loans and guarantees for energy, environment, transport, infrastructure, telecom, and related projects. Owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden, the bank funds its lending through international capital markets. It serves governments, municipalities, large and mid-cap companies, financial institutions, and small and medium enterprises in member and non-member countries, and may support on-lending through financial intermediaries. Its projects emphasize competitiveness and sustainability in the Nordic-Baltic region.

Andre Kuusvek

President and CEO

Henrik Normann

President

Past deals in Utilities

Linja

Debt Financing in 2025
Linja specializes in distributing electricity across challenging terrains to residential and commercial customers.

Eidsiva Energy

Debt Financing in 2025
Eidsiva Energi, headquartered in Hamar, Norway, is one of the country's largest energy companies, focusing on the production, distribution, and sale of electricity, broadband, and electrical safety services. With a network company, Eidsiva Nett, managing 22,000 kilometers of power grid, the company serves approximately 155,000 customers across Eastern Norway. Eidsiva operates several subsidiaries, including Eidsiva Vannkraft, Eidsiva Bioenergi, and Eidsiva Marked, which are involved in various aspects of energy production and distribution. The company is committed to developing renewable energy solutions, leveraging local resources such as hydropower, biomass, waste, and wind power. Eidsiva Energi aims to achieve a production capacity of nearly five billion kilowatt hours of renewable energy annually in the near future. With over 1,000 employees and a yearly turnover of around four billion Norwegian Kroner, Eidsiva plays a crucial role in providing essential services and addressing the growing demand for sustainable energy in the context of climate change.

Latvenergo

Debt Financing in 2024
Latvenergo is an energy company based in Latvia, operating in the Baltic region. It produces and trades electricity, heat, and natural gas, with a focus on sustainable and environmentally friendly energy solutions. The company operates hydroelectric power plants and thermal power stations, and engages in the wholesale and retail sale of energy. Additionally, it offers energy-related services to support efficient energy consumption and management.

Lappeenrannan energia

Debt Financing in 2024
Lappeenrannan energia provides tested clean water, reliable heat, and intelligent and safe energy as well as water networks and district heating.

Å Energi

Debt Financing in 2024
Å Energi is a company focused on the production and distribution of clean and renewable energy, primarily operating in the Buskerud and Hadelands regions. It specializes in the development and management of vital energy infrastructure, particularly in hydropower. By efficiently distributing electricity through its power grid, Å Energi aims to provide affordable and sustainable energy solutions to homes and businesses, thereby contributing to a more environmentally friendly future. The company's social mission emphasizes the importance of increasing renewable energy production to ensure accessible and efficient electricity for the community.

Arva

Debt Financing in 2024
Arva is an electrical distribution company based in Norway, dedicated to providing a reliable 24/7 electricity supply. The company specializes in power grid operations and maintenance services, ensuring the stability and efficiency of the electrical distribution network. Through its commitment to maintaining high service standards, Arva plays a crucial role in supporting the energy needs of its customers and enhancing the overall reliability of the power supply in the region.

Statnett

Debt Financing in 2023
Statnett is a key player in Norway's energy sector, responsible for owning and operating the majority of the national power grid. This infrastructure serves as the backbone of the country's electricity supply, akin to national roads for transportation. The company focuses on the construction and management of power grids while coordinating the production and consumption of various energy sources, including hydropower, wind power, bioenergy, and gas power. Through its operations, Statnett plays a crucial role in ensuring the stability and efficiency of Norway's energy system.

Keravan Energia

Debt Financing in 2023
Keravan Energia is a utility company that provides electricity, natural gas, heat pumps, solar panels, and electric car charging points.

Ellevio

Debt Financing in 2022
Ellevio is a prominent electricity grid company based in Stockholm, Sweden, specializing in the distribution of electricity. With considerable expertise in electricity grids and years of experience in the sector, Ellevio operates a local power network that serves customers throughout Mid-Sweden, the West Coast, and the Stockholm area. The company is committed to modernizing and enhancing its distribution infrastructure to meet the evolving needs of its customers while ensuring reliable access to electricity. Through various projects and initiatives, Ellevio aims to support sustainable energy solutions and contribute to the development of a robust energy system in Sweden.
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