STOCKHOLM, Oct. 21, 2026 /PRNewswire/ — Ellevio AB (publ) has signed a SEK 1 billion loan agreement with the Nordic Investment Bank (NIB) to co-finance the modernisation and expansion of the Beckomberga substation in Stockholm’s regional electricity network. The project will significantly strengthen the grid’s ability to meet growing electricity demand in the Stockholm region while contributing to a more reliable and resilient electricity system.
The Beckomberga substation, which currently supplies electricity to approximately 120,000 customers, has reached the end of its technical lifespan. It will now be modernised and expanded, including through a strengthened connection to the national transmission grid.
NIB offers long-term financing that strengthens competitiveness, sustainability and resilience of the Nordic-Baltic region. The bank has previously provided financing to Ellevio for the reconstruction of the substations in Skanstull and Värtan, as well as for the refurbishment and replacement of approximately 5,000 kilometres of power lines, primarily with underground cables.
– We are pleased to continue our partnership with NIB through the financing of this strategically important project. Long-term financing is essential for enabling the large-scale investments required to renew and expand the electricity network, supporting both electrification and sustainable growth in the Stockholm region, says Johan Lindehag, CEO of Ellevio.
Eva Nickull, Senior Banker at NIB, commented:
– NIB’s financing strengthens the reliability and security of electricity supply in western Stockholm and contributes to meeting growing electricity demand in the region.
About the Beckomberga project
Key project investments
- New and extended gas-insulated switchgear (GIS)
- New 1,000 MVA transmission grid connection node linked to transmission system operator Svenska kraftnät’s nearby substation
- New transformers
- Strengthens the connection to Sweden’s national transmission grid
- Increases available power capacity
- Enhances the reliability of the regional electricity system
- Improves grid resilience and security of supply
About NIB
Nordic Investment Bank (NIB) is an international financial institution owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. NIB strengthens the competitiveness, sustainability, and resilience of the Nordic-Baltic region. The Bank is headquartered in Helsinki with a regional hub in Riga. NIB has the highest possible credit rating, AAA/Aaa, with S&P Global Ratings and Moody’s.
About Ellevio
Ellevio is one of Sweden’s leading energy companies, enabling the transition to a low-carbon economy. We distribute electricity to almost one million customers and provide energy solutions across Sweden. We enable the electrification of industry and transportation through a modern, reliable grid and major investments in the energy system. Ellevio employs more than 800 professionals, and together with our partners we provide jobs for more than 4,000 people. The company is owned by pension fund managers OMERS Infrastructure, the Third Swedish National Pension Fund (AP3), Folksam and AMF. For more information, visit ellevio.se.
For further information, please contact:
Sarah Östberg
Head of Financial and Sustainability Communications
+46 709 71 12 40
sarah.ostberg@ellevio.se
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Ellevio framtidssäkrar regionnätet i Stockholm 2 |
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SOURCE Ellevio
