General – Finance
Nexans Norway has secured NOK 2 billion in loan guarantees from Export Finance Norway (Eksfin) that will be used for a UK export cable contract.
The transaction covers the export and installation of advanced high-voltage subsea cables for the Moray West wind farm off the coast of Scotland.
Export Finance Norway (Eksfin)’s global portfolio of loans and guarantees covering Norwegian exports to offshore wind projects has swelled to NOK 15bn since 2019.
“Having Eksfin on our team and being able to offer financing and loan guarantees to our customers is a major strength and competitive advantage in our export activities,” says Nexans Norway managing director Ragnhild Katteland.