Elfelagið SEV

Elfelagið (Mýruverkið II) Pumped Hydroelectric Energy Storage System Project - NIB Direct Loan

Borrower(s)
Elfelagið SEV
Industry
Traditional energy/Pumped-storage hydroelectricity (PSH)
Area of finance
Project & Infrastructure Finance
Region
Europe
Europe
Countries
Denmark

Project Overview

NIB has signed a 15-year loan deal with Faroe Islandic power company SEV to finance the construction of a pumped hydroelectric energy storage system to allow for new renewable energy capacity on the Faroe Islands. The DKK 250 million (about $35 million) loan will co-finance a system consisting...

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Project Deals

Elfelagið (Mýruverkið II) Pumped Hydroelectric Energy Storage System Project
$184.4m
Greenfield
Pumped-storage hydroelectricity (PSH)
Europe
Europe
Denmark