Mobilising green finance

Nefco finances private and public small and medium-sized projects that contribute to sustainable green growth and combating climate change – leading the way by using concrete examples. Everything we do is very hands-on and demonstrating impact by taking concrete action and supporting companies, cities and project developers on the ground.

Beyond the Grid Fund for Africa

Our funding activity

Funds managed by Nefco

We have active fund management assignments connected to green programmes ranging from the Arctic to Africa.

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Nefco as an implementing agency

Nefco is working closely with several partnerships and global organisations, financing environmental and climate projects globally.

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Our funds and how they work together

We finance projects through our Investment Fund as well as several trust funds. Today, we manage both multi-donor and bilateral facilities and programmes funded by Nordic ministries and governmental institutions, the Nordic Council of Ministers, the Baltic Sea countries and the Arctic Council member states. We are also implementing projects blended with grant financing from partnerships partly funded by the EU.

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Opening doors for green financing at scale

Nefco’s business concept is financing private and public small and medium-sized projects that contribute to sustainable green growth and combating climate change – leading the way by using concrete examples. Through our many innovative demonstration projects, we try to inspire the mainstream to follow our example and open doors for new larger investments and the mobilisation of green financing at scale. Everything we do is very hands-on, demonstrating impact – and impact potential – by taking action and supporting companies, cities and project developers on the ground.

We help Small and Medium-sized EnterprisesSMEs to grow Nordic green solutions in global markets through our global investments and the Nordic Project Fund (Nordic Project Fund, provides funding for Nordic SMEs for projects aiming at internationalisation within green growth and the environmental sector. NEFCO is the fund manager.Nopef). For public projects, we offer softer financing options, including grants, technical assistance and project support, to get them started. We blend our own loan funds with financing provided through us, to develop and prepare new public green investments, soften our loans and de-risk investment. By combining different financing sources available to us – our own funds and funds we hold in trust – we leverage projects and make them feasible and bankable.

Nefco holds substantial funds in trust from the Nordic governments, and is accredited by both the European Union and the Green Climate Fund. Our trust fund management complies with the highest fiduciary standards, and we have the necessary experience, competence and procedures to handle substantial trust fund assignments.

Our trust fund assignments

15

Number of trust fund assignments managed by Nefco

€428m

Total sum of trust fund assignments at the end of 2020

54 countries

Where projects currently are being implemented

Learn more about our projects

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