Nordic Investment Bank (NIB)

Nordic Investment Bank (NIB) co-financed the Viking Link GB–DK electricity interconnector and provided long-term debt funding to support its construction. According to NIB, the bank signed a second 10-year loan agreement with Energinet in 2022, bringing the total loan amount to DKK 1.5 billion. This financing supported delivery of the high-voltage interconnector linking Revsing in South Jutland, Denmark, and Bicker Fen in Lincolnshire, United Kingdom. The role described is financial co-funding rather than engineering, manufacturing, or installation. The loan agreement was structured as a multi-year facility (10-year tenor) aligned to the construction and delivery phase of the cross-border transmission asset. NIB’s involvement formed part of the overall project financing package alongside the project owners (Energinet and National Grid) and other funding sources. By providing this loan to Energinet, NIB helped enable investment in strategically important electricity infrastructure intended to improve cross-border power exchange, enhance system flexibility, and support renewable energy integration between Denmark and Great Britain through the Viking Link interconnector.