Multi export credit agency-covered green loan, guaranteed by SACE with SIMEST CIRR support and Euler Hermes, to help finance a €2 billion subsea electricity cable project between UK and Denmark named Viking Link.

The $743 million ECA-backed financing package, made up of $488 million from SACE Export Credit and $255 million from Euler Hermes Export Credit, was structured under National Grid’s Green Financing Framework. It represents the first time multiple ECAs have come together to finance a green project of this size.