Offshore Wind
Eksfin provides performance guarantee for Nexans milestone contract with Germany’s TenneT
Nexans is a global leader in the design and manufacturing of cables systems and services, specializing in the offshore wind market and subsea interconnectors. To secure Nexans’ cable deliveries to transmission system operator TenneT's North Sea projects, Eksfin in collaboration with Societe Generale provides a EUR 290 million performance guarantee*. Read More
Eksfin and Credit Agricole are financing four high-tech offshore wind vessels
The company Windward Offshore, which is based in Germany, has ordered four advanced offshore wind vessels from Vard. Two of the ships are built at Vard Brattvåg in Norway, while two ships will be delivered from Vard Vung Tau in Vietnam. Eksfin is loan financing the four ships in collaboration with the bank Credit Agricole. For the ships that are built in Vietnam, Norwegian maritime equipment deliveries are the basis for Eksfin's participation. Read More
International Awards to Eksfin
In June 2024, Eksfin received two international awards in New York and Athens, both recognizing the financing of Norwegian export deliveries to the offshore wind industry. Read More
Eksfin provides EUR 525 mn in loan financing to Ørsted
Eksfin provides EUR 525 mn in loan financing to Ørsted based on the purchase of two transformer platforms from Norway's Aibel for the Hornsea 3 offshore wind farm project in the UK. Read More
Tailwind for Norway’s shipyards: NOK 2.6 billion in applications for Eksfin’s construction financing
In 2023, Norway’s shipyards experienced a strong uptick in demand for new ships. Every vessel built with construction financing guarantees from Eksfin were green – a fantastic development according to Eksfin’s CEO Tone Lunde Bakker. Read More
Eksfin provides EUR 180min loan guarantees backing Seaway 7 cable installation at huge offshore wind park in Taiwan
State-backed export credit agency Export Finance Norway (Eksfin) provides NOK 2bn (EUR 180m) in loan financing to the Hai Long wind park in the Taiwan Strait on the back of services rendered by Seaway 7. The transaction increases Eksfin’s total financing commitment to the global offshore wind market towards EUR 2,6 billion. Joint-venture Hai Long development partners Northland Power Inc. of Canada and Japan’s Mitsui & Co.,Ltd. won construction approval for the project in March this year. Situated between 45 and 70 kilometres off Taiwan’s Changhua coast, on completion the 1 gigawatt (GW) offshore wind park will be the largest in Taiwan with capacity to supply clean energy to more than one million households. Full commercial operation is expected in 2026/2027, with energy supplied according to power purchase agreements already in place. Read More
Eksfin provides EUR 450 million in guarantee financing to Iberdrola
Export Finance Norway (Eksfin) deepens its commitment to the international offshore wind market by providing loan guarantee financing to Spanish energy company Iberdrola. The transaction supports Norwegian exporters’ participation in the East Anglia Three wind park project in the UK. WIth htis transaction Eksfin reaches a new milestone of NOK 20 billion (EUR 1.8 billion) in loans and guarantees to offshore wind projects worldwide. Read More