The Norwegian energy industry is a key export industry and a driver of green change in Norway and abroad. Eksfin offers long-term financing and guarantee solutions for exporters, foreign buyers, and projects that use Norwegian services and technology in renewable energy such as offshore wind power, solar power, and hydropower, field development, as well as other projects in the oil and gas industry, and alternative energy sources. In addition, guarantee solutions are offered for Norwegian industrial stakeholders buying Norwegian power.
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How Eksfin helps Norway’s energy industry
Who does Eksfin help?
Eksfin’s financing solutions are available to exporters, project developers, EPC suppliers, Norwegian power companies, and other buyers in the energy industry. Eksfin offers long-term financing to buyers of Norwegian capital goods and services in all parts of the energy sector. These can take the form of contracts for a well-established foreign buyer, or partial deliveries to a project. Risk relief for bank guarantees in connection with export contracts, such as for advance payment or delivery guarantee, are also available for the export of capital goods and services. In addition, Eksfin can assist Norwegian exporters who are in need of production loans or loans for investing in fixed assets in Norway by offering risk relief to the exporter’s bank in connection with the loan. Risk relief for loans for investments in Norway is also available to subcontractors to Norwegian exporters who can demonstrate substantial indirect export revenues. Furthermore, Eksfin manages a separate Norwegian scheme for risk relief in connection with the conclusion of long-term power agreements in Norway.
Find out more about what Eksfin can offer different parts of the energy industry, or get in touch with one of Eksfin’s advisors to learn more.
Eksfin can offer favourable financing packages with both long-term financing and risk-relief guarantees in connection with renewable energy projects. Fixed interest rate options and long maturities make export financing an attractive element in financing solutions for renewable energy projects. In financing power projects, for each case Eksfin assesses the overall Norwegian content of the project or delivery and what Eksfin’s financing basis in the transaction will be. Eksfin can often include deliveries beyond the purely Norwegian content and do not set requirements for entering into contracts directly with Norwegian suppliers.
See point 4 for guarantee products for power companies in Norway.
Oil and gas
Eksfin can offer favourable financing packages with both long-term financing and risk-relief guarantees in connection with oil and gas projects. Fixed interest rate options and long maturities make export financing an attractive element in financing solutions for foreign buyers of Norwegian equipment.
Alternative energy solutions
Eksfin can offer favourable financing packages with both long-term financing and risk-relief guarantees in connection with all projects related to alternative energy solutions. These can include CO2 capture and sequestering, hydrogen, ammonia, etc. Fixed interest rate options and long maturities make export financing an attractive element in financing solutions for renewable energy projects.
Power agreements in Norway
Industrial companies with high electricity demands may need to enter into long-term power contracts in order to get a more predictable price. Eksfin can offer guarantees to help reduce the buyer’s and power seller’s risk related to the conclusion of a long-term contract. This risk relief is only available to industrial companies registered in Norway who operate in wood processing, metals, and chemical products and who wish to enter into agreements with Norwegian power companies.
Specialists in the energy sector