From Norway to the World
- 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.
- The guarantees and financing we received at an early stage through GIEK and Export Credit Norway were crucial for Skipsteknisk on this export Project, says Inge Bertil Straum, Sales Manager Skipsteknisk AS.
- GIEK and Export Credit Norway were crucial to seal this deal, allowing us to pursue our international strategy, says Skjalg Sylte Stavheim, CEO Hexagon Ragasco AS.
– 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.
– 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.
- 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.
(Press release) GIEK is the Norwegian Government’s largest financial institution for exports, with total exposure limits of NOK 183 billion. In 2017, the volume of applications increased by 27 per cent to 38.6 billion. While the oil service portfolio fell from 86 to 79 percent, renewable energy, aquaculture and other industries increased from 14 to 21 percent. New guarantees totalling NOK 11.8 billion triggered contracts worth NOK 21.5 billion for Norwegian companies and helped maintain 9600 jobs. "GIEK facilitates industrial transition and innovation throughout Norway, a process that continues in 2018," says Ms. Wenche Nistad, GIEK CEO.
Eolus Vind Norge AS will build a new wind power station at Øyfjell in Vefsn municipality, Nordland County. The generated electricity will be sold to the aluminium producer Alcoa Norway ANS under a long-term contract, for use at the company’s Mosjøen smelting plant. Electricity purchases under the contract are expected to total around 1.2 TWh per year for the next 15 years. GIEK is providing a EUR 256 million (approximately NOK 2.5 billion) state guarantee in respect of Alcoa Norway ANS’s contractual payment obligations.
The American expedition cruise and adventure travel company Lindblad Expedition Holdings Inc. (“Lindblad”) has received financing from Export Credit Norway and GIEK for a new polar expedition vessel from Norway based Ulstein Verft shipyard.