08.09.2026 | News
Korkia’s global portfolio consists of more than 160 solar, battery energy storage and wind projects. The financing from Nefco will support the company’s continued growth and strengthen its ability to manage and create value across its international renewable energy portfolio.
Nefco, The Nordic Green Bank, has signed a EUR 5 million loan agreement with the global renewable energy investor Korkia Ltd. to further develop the company’s business operations and renewable energy portfolio. The financing is partially guaranteed by the European Investment Fund (EIF) under the InvestEU programme.
The financing will support Korkia’s continued development as an international investor in renewable energy, enhancing its ability to manage a growing portfolio of solar, battery energy storage and wind projects in Europe, Canada and Chile and advance them towards the ready-to-build stage. The company’s portfolio includes more than 160 projects, with 15 GW of projects in advanced stage.
The new loan builds on two previous financing agreements between Nefco and Korkia. The first financing in 2019 played an important role in supporting Korkia’s expansion in solar asset management and investments in solar photovoltaic projects in Chile, while the second in 2024 helped accelerate the development and international scale-up of the company’s renewable energy and energy storage portfolio.
“Korkia’s mission is to accelerate the global energy transition through investing in the development of renewable, affordable and reliable energy. Nefco has become an important financing and investment partner for Korkia, and we greatly value our long-standing cooperation. It is particularly important to us to work with a partner that shares our values and vision for a sustainable future,” says Pauli Mäenpää, Group CEO at Korkia.
The growing deployment of renewable energy and energy storage is essential for reducing reliance on fossil fuels, strengthening energy security and supporting climate goals. Nefco’s financing will help Korkia further develop its project portfolio and enhance its ability to bring renewable energy projects to market.
“We are pleased to continue our cooperation with Korkia and support the development of renewable energy projects that help reduce carbon emissions and advance the green transition. At the same time, Korkia’s participation in our ongoing Biodiversity Pilot Programme demonstrates its commitment to integrating biodiversity considerations into its business,” says Vivi Avikainen, Senior Investment Manager at Nefco.
For more information, please contact:
Vivi Avikainen, Senior Investment Manager, Nefco
+358 10 6180 661, vivi.avikainen@nefco.int
Pauli Mäenpää, Group CEO, Korkia
+358 50 5507 121, pauli.maenpaa@korkia.fi
About Korkia
Korkia is a global investor and developer accelerating the transition to renewable energy. Together with local partners, Korkia develops utility-scale solar, wind, and energy storage projects that drive meaningful financial returns and deliver renewable gigawatts transforming the global energy landscape. The company operates in nine markets across Europe, North and South America, powered by a team of 50 in-house professionals and over 75 local development partners. Established in 2006, Korkia is a privately owned company with headquarters in Finland and offices in Chile, Italy and the United Kingdom. Read more on: https://korkia.fi/
About the EIF
The European Investment Fund is part of the European Investment Bank Group. Its central mission is to support Europe’s small and medium-sized enterprises (SMEs) by helping them access financing. The EIF guarantees provided by Nefco are part of the InvestEU programme.
