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Eksfin Joins the International Minerals Security Partnership (MSP) Finance Network

The Minerals Security Partnership (MSP) was established in June 2022, initiated by the United States. The goal is to ensure a reliable and sustainable supply of critical minerals, such as those used in renewable energy and electric vehicle production. This collaboration has now been expanded with the creation of MSP Finance, in which Eksfin and Innovation Norway represent Norway. Read More

Seaway 7 vessel in action during wind farm construction. (Photo Seaway 7)
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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

The funds will be used for the construction and development of the East Anglia THREE offshore wind farm in the UK.
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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

OECD gruppebilde
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New OECD rules as of 15 July

On 15 July 2023 the new changes to the OECD Arrangement on export financing come into force. The changes will provide greater flexibility in Eksfin’s offer of buyer financing. Below is an overview of what the changes mean for our customers. Eksfin’s offer of export credits is regulated through… Read More