EIB provides financing for Stockholm Exergi's BECCS plant

Deal Analysis

The European Investment Bank (EIB) has committed €260 million in financing to Stockholm Exergi for the construction of Sweden's first large-scale bioenergy plant with carbon capture and storage (BECCS). This project aims to capture up to 800,000 tonnes of carbon dioxide annually once fully operational in 2028. Stockholm Exergi, a Swedish energy company specializing in district heating and cooling, will develop the BECCS plant. The EIB's involvement underscores the European Union's commitment to supporting projects that align with its climate goals. This financing deal is significant due to its focus on BECCS technology, a critical component in achieving negative emissions and mitigating climate change. The scale of the project, targeting 800,000 tonnes of CO2 capture per year, positions it as a leading initiative in the sector. The EIB's participation as a lender provides credibility and financial backing, facilitating the development of this innovative project. This deal could serve as a model for similar BECCS projects across Europe and globally, demonstrating the viability of large-scale carbon capture in the bioenergy sector.

€260 million financing from the EIB to Stockholm Exergi.
Development of Sweden's first large-scale BECCS plant.
Target of capturing up to 800,000 tonnes of CO2 per year.
EIB's involvement signals strong support for EU climate objectives.

Market Context: The carbon capture market is experiencing rapid growth, driven by increasing pressure to reduce greenhouse gas emissions and achieve net-zero targets. BECCS technology is gaining prominence as a method for generating negative emissions, attracting significant investment and policy support. This deal highlights the growing importance of public-private partnerships in deploying innovative climate solutions.

Source Intelligence

KEY DETAILS

The captured carbon dioxide will be temporarily stored and then shipped to Norway where it will be permanently stored in the bedrock under the North Sea. Quote: After capture, the carbon dioxide will be temporarily stored and then shipped to Norway where it will be permanently stored in the bedrock under the North Sea.

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Deal Size

The European Investment Bank (EIB) has granted a loan of €260 million to Stockholm Exergi for the construction of Sweden’s first large-scale bioenergy plant with carbon capture and storage (BECCS).

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Capacity

Beccs Stockholm, which will begin construction at Värtanverket, is expected to be fully operational in 2028 and is projected to capture up to 800,000 tonnes of carbon dioxide per year.

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Location

Beccs Stockholm, which will begin construction at Värtanverket, is expected to be fully operational in 2028 and is projected to capture up to 800,000 tonnes of carbon dioxide per year.

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Announcement

April 7, 2025 by European Investment Bank

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COD

Beccs Stockholm, which will begin construction at Värtanverket, is expected to be fully operational in 2028 and is projected to capture up to 800,000 tonnes of carbon dioxide per year.

PARTIES MENTIONED IN SOURCE

E

European Investment Bank (EIB) lender

"The European Investment Bank (EIB) has granted a loan of €260 million to Stockholm Exergi for the construction of Sweden’s first large-scale bioenergy plant with carbon capture and storage (BECCS)."

S

Stockholm Exergi developer

"The European Investment Bank (EIB) has granted a loan of €260 million to Stockholm Exergi for the construction of Sweden’s first large-scale bioenergy plant with carbon capture and storage (BECCS)."

E

Equinor

"This is done in collaboration with the Northern Lights project, a joint venture between Equinor, Shell and TotalEnergies."

S

Shell

"This is done in collaboration with the Northern Lights project, a joint venture between Equinor, Shell and TotalEnergies."

T

TotalEnergies

"This is done in collaboration with the Northern Lights project, a joint venture between Equinor, Shell and TotalEnergies."

M

Microsoft buyer

"Stockholm Exergi has also signed extensive agreements for future deliveries of negative emissions in the voluntary carbon market, including a record-breaking commitment from Microsoft – the largest single agreement of its kind to date globally."

high quality Enriched Feb 19, 2026