Renewable energy

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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About Eksfin

How Eksfin helps Norway’s renewable energy industry

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 renewable energy sector. This can be in form of contracts with a well-established foreign buyer, or partial deliveries to a project.
  • Bank guarantee may be issued in relation with export contracts. In example, tender guarantee or advance payment guarantee, when 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.

  1. Renewable energy

    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. 

  2. 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.

  3. 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.

Contact Us

Specialists in the energy sector

José R. Martínez

Energy and Industry

+47 907 94 409
Pernille Østensjø

Senior Vice President / Head of Team Clean Technologies

+47 91609281

Vilde Grønn Larsen

Energy and Industry

+47 97505474
Ute Borghardt

Senior Vice President

+47 99648528
Bodil Sannes-Vardenær

Senior Vice President

+47 92459923
Løvberget, Ivar

Energy and Industry

+47 481 57 575
Odd Solheim

Senior Vice President

+47 99001807
Guro Hagen Kristiansen

Senior Sustainability Expert

+47 47 6676 24

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Learn from others

Customer cases

Cases : Energy
Scatec Solar constructs solar power in Ukraine with Norwegian state guarantees
Ukraine is utilizing Norwegian solar power to reduce its use of coal and nuclear energy. The Norwegian state guarantees NOK 145 million of the funding for a new 54 MW solar power plant located south of the capital Kiev. GIEK has provided NOK 1 billion (EUR 100 million) in guarantees for a number of solar projects in Ukraine in 2019.

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