We offers green loans with lower interest rates for investments that solve the climate challenges of the future today.
It pays to go green
Green loans are granted to projects that help reduce greenhouse gas emissions, increase energy efficiency and/or constitute an adaptation to climate change. KBN’s green loans are financed by green bonds.
What is the criterias for green loans?
Construction projects with a clear environmental profile.
Rehabilitation of buildings, new buildings or measures in buildings to help improve energy efficiency, reduce greenhouse gas emissions or climate change adaptation. Specific criterias can be found in the criteria set (in Norwegian).
Horten Upper Secondary School was financed using a green loan from KBN. Photo: LINK arkitektur
Facilitating the use of renewable energy sources.
Examples of projects in this category include renewable energy production, energy storage and development of energy infrastructure. Spesific criterias can be found in the criteria set (in Norwegian).
"The magic factory" in Vestfold was financed by a green loan from KBN. Photo: Greve Biogass
Transport solutions with minimal or zero emissions.
In order to be granted a green loan, no fossil fuels can be used in vehicles procured as part of the project. All transport projects that have received a grant from Enova qualify for a green loan. Specific criterias can be found in the criteria set (in Norwegian).
A green loan from KBN was used to finance a shore-side power supply in central Stavanger and an offshore terminal in Risavika. Photo: Illustration/iStock
Measures that help minimise waste, increase reuse and recycling, and improve energy recovery.
In order to be granted a green loan, a project in this category must improve the efficiency of waste management. Examples of waste management projects include upgrading old or building new waste management facilities, constructing carbon capture plants, and central automated vacuum waste collection systems. Specific criterias can be found in the criteria set (in Norwegian).
A green loan from KBN was used to finance a home collection service for glass and metal packaging in the municipality of Ålesund.
Water and wastewater investments with climate and environmental profile.
Green loans: Water and wastewater projects which either have the primary purpose of reducing greenhouse gas emissions or energy consumption, or which respond to a specific climate adaptation need. Open the green application form for water and waste water management (in Norwegian).
Blue loans: Water and wastewater projects that mainly cover the need for capacity increase, maintenance or upgrading based on a health or local need. A blue loan has the same interest rate conditions as a green loan. A green and a blue loan can share the loan number. Open the blue application form for water and waste water management (in Norwegian).
A green loan from KBN was used to finance the construction of a joint water and wastewater facility for Trondheim and Klæbu, and transfer pipelines to a larger facility in Trondheim. Photo: Torunn Brånå
Sustainable land use.
Investments in area development where nature, environment and climate are emphasized, as well as in pollution measures. For investments in walking and cycling infrastructure, see the category of Transport. Specific criterias can be found in the criteria set (in Norwegian).
A green loan from KBN was used to finance Ydalir, a new, environmentally friendly district within walking distance of the centre of Elverum. Photo: Tegn_3 and Elverum Vekst
Projects that clearly constitute an adaptation to climate change.
Climate adaptation measures, which help make the local community better equipped to withstand current and future climate change and reduce physical climate risk. Specific criterias can be found in the criteria set (in Norwegian).
KBN's green loans finance part of the Time Municipality's comprehensive measures for overwater management. Photo: Illustration/iStock
Criteria set for green loan
The criterias and the documentation requirements depends on which category the project belongs to.
We offers green versions of all its loan products that have maturities in excess of three years
For long-term loans with repayments, the interest rate is discounted by 0.1 percentage points lower than the rate charges on KBN's normal loans. On loans in competition with the capital market, the green interest rate is set individually.
Green projects we finance
KBN green loans help finance climate- and environmentally friendly investments in Norwegian municipalities and county authorities. We annually presents the green projects and their environmental impact in a report.
Ask us for a loan offer
Send a loan request to your contact person or contact us for an informal chat.