Nordic Investment Bank issues €33.5m loan for Tønder biogas facility

Bo Nordberg, director, project & structured finance at Nordic Investment Bank, tells Bioenergy Insight about the organisation’s 16-year loan to Tønder Biogas.
Nordic Investment Bank (NIB) is a state-owned bank by the Nordic and Baltic governments. It has two mandates, one of which is focusing on the environment. This means that the projects it finances need to benefit the environment in its membership region. The other mandate is productivity, which can include anything from financing a production line, to manufacturing widgets, to financing the R&D programme of a pharmaceutical company.
“And of course, a biogas project very much fits into both of the mandates,” said Bo. “So we are quite active in the renewable space. We do the classical wind and solar projects. We’re interested in BECCS. We also have projects in the pipeline when it comes to CO2 capture and storage as well. So anything that has a green angle to it in our membership region is something we look at.”
Earlier this year, NIB announced it had signed a 16-year DKK 250 million (approx. EUR 33.5 million) loan with Tønder Biogas A/S to fund the construction and operations...