22.01.2020 | News
Finnish asset management house Korkia is fast tracking growth by initiating cooperation with NEFCO, a Nordic finance institution specialising in green financing and sustainability. With financing from NEFCO, Korkia’s focus will be increasingly more in renewable energy and environmental technology solutions on the global market, starting with solar power projects in Latin America and Europe.
The Nordic Environment Finance Corporation (NEFCO) is an international financial institution established in 1990 by the governments of Denmark, Finland, Iceland, Norway and Sweden. NEFCO’s mission is to finance green growth, climate change mitigation and sustainability globally.
Helena Lähteenmäki, Senior Investment Manager at NEFCO, sees Korkia as an opportunity to get involved in new, interesting green projects.
“NEFCO and Korkia share common goals and values, and together we can make a greater environmental impact. NEFCO only finances projects that have a positive impact on the environment or climate and which increase sustainability. Korkia’s projects, especially in solar power and as an infrastructure investor, are excellently aligned with our strategy to promote the growth of Nordic green technology companies on the global market,” says Lähteenmäki.
Before the turn of the year, Korkia, a company specialised in investing, developing and financing sustainable growth, announced it had strengthened its solar power business by signing new investments worth more than USD 300 million with international investors. This will take the solar power plant portfolio managed by Korkia to almost 400 megawatts in the coming years to make the company one of the largest solar players in Europe. Solar power growth seems to have a bright future in Korkia’s target markets.
“We are currently investing heavily in expanding our global solar power business, especially in Latin America and Southern Europe, where we see enormous market potential,” says Pauli Mäenpää, Korkia’s CEO. ”We are really enthusiastic about our future cooperation with NEFCO and I believe that together we will make a significant environmental impact whilst creating interesting investments and good returns for investors,” Mäenpää adds.
For further information, please contact:
Helena Lähteenmäki, Senior Investment Manager, NEFCO
+358 10 6180 633
Pauli Mäenpää, Group CEO, Korkia
+358 50 550 7121
Korkia is an internationally operating company with a focus on promoting sustainability. Our customers are Finnish and international investors, companies and institutions. Our team of more than 50 experts provides asset management services as well as business consultancy. In addition to which, we have a portfolio 14 growth companies whose growth we support in the role of developer, owner and financer. A strong network of Senior Advisors, who include Kaj-Gustaf Bergh, Esko Aho and Minna Korkeaoja, supports our operations. The company had net sales of €8.5 million in 2018 (+35% year on year). Read more at www.korkia.fi
NEFCO is an international financial institution established in 1990 by the five Nordic countries – Denmark, Finland, Iceland, Norway and Sweden. NEFCO’s mission is to promote green growth and climate change mitigation as well as to help the authorities and other funding agencies to achieve their goals related to environmental protection and sustainability. NEFCO focuses on small and medium-sized environmental projects and provides its partners with a high level of match funding. Through the years, NEFCO has financed more than 1,300 projects across 80 countries, particularly in Eastern Europe, the Baltic Sea Region, the Barents Sea Region and other Arctic Regions. NEFCO’s headquarters are in Helsinki. Read more at www.nefco.int