Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
The Swedish Export Credit Corporation (SEK) announced an €800 million loan facility to National Grid Electricity Transmission for its share of financing for Eastern Green Link 2. SEK said the facility would support Swedish and European exports (including Hitachi Energy equipment) and was designated a Green Loan; the financing involved partner banks including Société Générale and BNP Paribas and was supported by an export credit guarantee from EKN. The announcement described the facility as part of the project-level financing package for the National Grid portion of EGL2.