The EIB and the Nordic Investment Bank (NIB) will take part in the project finance deal to support H2 Green Steel’s large-scale production facility in Northern Sweden. The EIB will contribute €314 million, of which €200 backed by a guarantee from the European Commission under the InvestEU programme, and €114 million of intermediated financing to be provided through commercial banks participating in the project financing. The Nordic Investment Bank will provide €57 million to the project finance package, of which €9 million supported under InvestEU.