Green agricultural loan
Secured loans for Norwegian farms investing in renewable energy, lower-emission equipment and protection against climate-related extreme weather.
Esta oportunidade está atualmente disponível em inglês.
Finance farm solar panels, solar thermal systems and wind turbines, heating using non-fossil energy, and equipment powered by electricity or biogas. The loan also covers manure storage and handling equipment, precision farming tools that improve use of inputs, and ditching and drainage. Farm measures against climate-related extreme weather can include backup generators and protection of soil against flooding, landslides and uncontrolled runoff.
SpareBank 1 Østlandet lends you money for the investment, which you repay with interest. The advertised regular loan is up to NOK 2.5 million, with nominal interest from 4.75% and effective interest from 4.91%. These are starting rates, rather than a guaranteed rate for every borrower. The repayment term follows the investment’s expected economic life, up to 25 years. Projects above NOK 2.5 million are also considered, with the price, loan amount and term agreed individually for each project.
Eligibility
- The offer is for farm investments in Norway. You must provide real estate as security for the loan and use SpareBank 1 Østlandet as your main bank.
- You must use Klimakalkulatoren, the farm climate calculator that shows farm-level emissions and opportunities to reduce emissions and store carbon. For significant measures, a climate action plan with concrete measures must underpin the investment. The bank recommends climate advice for all borrowers.
- You must have valid KSL (Kvalitetssystem i landbruket), the farm quality and internal-control system for checking compliance with Norwegian law and industry requirements. Valid status requires a self-audit every 12 months, correcting deviations by their deadlines, allowing external KSL audits when due, and following applicable animal-welfare programme visit deadlines and correction requirements.
How to apply
- Estado
- Aberto continuamente
- Condições do período de candidaturas
- Real-estate security, main-bank relationship, farm climate-calculator use and valid KSL are required; significant measures require a concrete climate action plan.[^c5]
Contact SpareBank 1 Østlandet’s agricultural advisers about the green agricultural loan. The public adviser list includes Ann Brudevoll, head of agricultural banking, on +47 918 39 033. You can also call business customer service on +47 915 07050, Monday to Friday, 07:00–18:00. New customers with an existing company or sole proprietorship and an organisation number can use the bank’s business onboarding route.
To start using Klimakalkulatoren, log in with Produsentregisteret credentials or BankID, consent to the necessary data being collected, check that production figures are current and add missing information.