Thursday, 22 June 2023

Finance Norway

What's this?!

'Who's giving Norway money, boss?'

I've got no idea, Voice. They will only waste it - if I know those Norwegians.

'Do you know them?'

No.

Anyway ...

Oslo, Norway: State-backed Export Finance Norway (Eksfin) will provide guarantees for Aker Carbon Capture (ACC)'s recently announced contract to supply five ACC Just Catch units, additional equipment such as liquefaction systems, and temporary CO2 storage and on-/offloading facilities for two sites in Denmark. The contract, with leading Danish renewables company Ørsted, is worth over EUR 200m in total. The guarantees mark Eksfin's debut in the carbon capture and storage segment amid a burgeoning global market for Norwegian climate technology.

Er ... can we have that in English, please?

'Was it in Norwegian, boss?'

Shut up, idiot.

Anyway ...

The Danish are involved in this too.

I don't know.

I just don't know.

Maybe we should talk about something else.

'Finish the email.'

Uh.

All right.

'Where are the voices?'

Er ...

'You know I love the voices.'

Yes, I know you love the voices.

Aker Carbon Capture has been awarded contracts to deliver carbon capture to Ørsted's wood chip-fired Asnæs Power Station and the Avedøre Power Station's straw-fired boiler, both part of the -

No, no, no.

'Who was that?!'

No one.

Ah! Egil! Come on, son!

"We are frequently requested to provide guarantees for export contracts. To meet these demands, Eksfin's additional risk capacity allows Aker Carbon Capture to meet international customers' expectations at competitive terms in the growing carbon capture industry", says Egil Fagerland, Chief Financial Officer at Aker Carbon Capture.

'Thanks, Egil!'

Tone? 

"We are delighted on Aker Carbon Capture's behalf for securing this important contract. This is the first carbon capture project Eksfin has supported. Going forward, we aim to develop additional financing solutions together with commercial banks that serve our dual national goal of increasing exports and reducing emissions", says Eksfin CEO, Ms. Tone Lunde Bakker.

Nice one. 

Lunde?

"Increasing exports of Norwegian climate-related technology is one of our strategic priorities at Eksfin. Our flexible range of guarantees and loans are available to both Norwegian export companies and buyers of Norwegian goods and services who can also rely on our experience and collaborative approach to create the right tailored solution," says Lunde Bakker.

Thanks, Lunde.

Anyway ...

ENDS
ENDS
ENDS