Risk capital for Nordic green solutions

We provide financing for economically viable green projects with positive environmental impact. Our financing options for the private sector include loans on market terms, equity-type financing and concessionary loans to Nordic small and medium-sized enterprises (SMEs) for green projects in global markets outside the Nordic countries. We also provide environmental expertise and high additionality to your financing.

Municipalities and utility companies in Eastern Europe can apply for financing for environmental projects, such as energy-efficiency in public buildings, street lighting, district heating, solid waste, water and wastewater. Financing can consist of loans, soft loans in the local currency (for smaller projects), grants, technical assistance and implementation support. These are available in Russia, Belarus, Ukraine, Moldova, Georgia and Armenia.

In the Arctic and Barents regions, we offer grant financing for project preparation activities, feasibility studies and demonstration projects related to emission and pollution reduction, and enhanced biodiversity. In the Baltic Sea area, we finance both public and private projects related to agriculture, waste and wastewater treatment. Additionally, we manage a results-based financing incentive for off-grid energy providers in Africa.

We offer on-lending facilities to local banks in Eastern Europe, where Nefco has a host country framework agreement, for green loan programmes to consumers and SMEs. The banks should be committed to a green profile and environmental goals. Financing can take the form of loans or subordinated loans. Banks in Armenia, Belarus, Estonia, Georgia, Latvia, Lithuania, Moldova, Poland, Russia and Ukraine can apply.