Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
The Nordic Investment Bank approved a NOK 1,300 million (EUR 168.1 million) 16‑year loan to Statnett SF to partially finance the Skagerrak 4 HVDC cable between Norway and Denmark and the upgrade of the Oslofjord cable. Statnett and Energinet.dk are investing in the new 700 MW, 240 km Skagerrak 4 interconnector to improve security of energy supply, increase cross‑border power exchange, and support greater use of Norwegian renewable generation and Danish wind power, with project completion scheduled by the end of 2014.