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4 FAQs about [Oslo bank energy storage plant]
How much money will Oslo bring to the project?
The City of Oslo and the companies will bring up to 6 billion NOK (620 million EUR) to the table, said Raymond Johansen. This amount is necessary for the project to be fully funded. The Norwegian state has already given a funding guarantee of 3 billion NOK (310 million EUR).
How much CO2 does Oslo emit a year?
The waste-to-energy plant at Klemetsrud is currently responsible for 17 per cent of the city’s emissions, and is the biggest single emitter of CO2 in Oslo. From 2026, up to 400,000 tonnes of CO2 will be captured each year. This corresponds to the annual emissions from 200,000 cars.
Will Hafslund eco get a loan from Oslo?
The City of Oslo is pledging an existing shareholder loan to Hafslund Eco as collateral so that the company can borrow up to NOK 2.1 billion to fund the municipality’s share of the project. “In future, it will be more expensive to pollute.
Who will buy Fortum Oslo varme?
Three companies will buy Fortum’s share of the energy provider Fortum Oslo Varme. The City of Oslo and the companies will bring up to 6 billion NOK (620 million EUR) to the table, said Raymond Johansen. This amount is necessary for the project to be fully funded.