Reykjavík Energy (Orkuveita Reykjavíkur) and the Nordic Investment Bank (NIB) have agreed on a US$100 million green loan financing of energy and utility projects.
Reykjavík Energy is receiving a US$100 million loan from Nordic Investment Bank to increase geotherma drilling and the doubling of a steam pipeline from the utilisation area at Hverahlíð
The financing will solidify ON Power's electricity generation in the Hengill area and enhance Veitur Utilities' district heating system in Iceland's capital area. The loan agreement is for 10 years and...
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