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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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Petrobras receives guarantees worth USD 500m from Norway with an option for USD 500m more

In June, Brazil’s oil company Petrobras received guarantees from GIEK, the Norwegian Export Credit Guarantee Agency, for a total amount of USD 500 million. The guarantees, covering loans from a number of international banks, will finance services from Norwegian offshore support vessel companies operating on behalf of Petrobras in Brazil.

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June 15 Le Laperouse was delivered, the first cruise ship in a series of several new ships from Vard Group. Vard Søviknes yard now has full capacity utilization, and the group’s shipyards will supply cruise ships to several well-known actors on a continuous basis until 2021. GIEK is central to the funding of all vessels and in the conversion of Norwegian shipyard from mainly offshore vessels to other types of vessels to new markets.

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- GIEK is a very important partner for us on international projects. The financing solutions we devise with GIEK make it easier to take our share of the risk, says Vibeke Solberg Forås, General Manager Business Banking Sparebank1 SMN.

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– The offer of export financing is important for Element Logic and is used in the sales process with potential customers.
Export financing is often essential to getting projects under way, says Dag-Adler Blakseth, CEO of Element Logic.

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– Loans and guarantees from Export Credit Norway and GIEK have been crucial in obtaining quick and solid financing for the project,” says Ole Henning Christiansen, the CEO of Safelink AS.

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- When Myanmar opened up to the outside world in 2011, Bergen Engines and the Rolls-Royce group wanted to gain access to this chartered market – with our gas engines, says Merethe Fjeldstad, Bergen Engines.