Ellevio AB secures a SEK 1 billion loan from the Nordic Investment Bank to modernize and expand the Beckomberga substation, enhancing Stockholm's regional electricity grid.
PRIVATEOct 21, 2026
Amount Raised
SEK1 Billion
Round Type
Debt Financing
SwedenEnergyRenewable Energy
Investors
Nordic Investment Bank
Description
Ellevio AB has signed a SEK 1 billion loan agreement with the Nordic Investment Bank to co-finance the modernization and expansion of the Beckomberga substation. This project will strengthen the grid's capacity to meet growing electricity demand in the Stockholm region. The Beckomberga substation currently supplies electricity to about 120,000 customers and will be upgraded to ensure a more reliable and resilient electricity system. This financing marks a continuation of NIB's partnership with Ellevio for infrastructure improvements in the region.
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Company Information
Company
Ellevio
Location
Sweden
About
Ellevio is Sweden's largest independent electricity distributor with a well-established strategy to grow through both organic investments and acquisitions. With a longstanding history as owner, manager, and operator of electricity networks in Sweden, Ellevio has a strong local presence and partnerships with entrepreneurs in the area. The company has a clear ambition to triple investments in electricity networks and energy infrastructure to enable the energy transition, with a focus on extensive modernization and weatherproofing of local networks to increase resilience to wind and weather, and a commitment to double the annual investments in the electricity network in Dalarna to benefit the region and enable the establishment of new energy-intensive industries and jobs.
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SwedenEnergyRenewable Energy