The Nopef credit committee has approved financing for 20 new projects. The total value of these grants is approx. EUR 650 000. The feasibility studies concern investments in projects carried out on all continents by Nordic small and medium-sized enterprises.
The following countries are represented among the approved projects: Georgia, Ukraine, Turkey, China, Indonesia, Kenya, Nigeria, South Africa, Chile, Brazil and the USA.
Nopef finances feasibility studies within green growth and cleantech. A wide range of sectors are represented among these new projects, including environmentally friendly solutions and efficient technology for pumps, pipelines, drilling, stokers, surface treatments, machines for the food manufacturing industry, filtration of vegetable oils and the textile sector as well as production of fertilisers from organic waste, charging stations for electronic vehicles, technical solutions for energy supply for mobile phones and remotely piloted aircraft systems to detect, for example, forest fires or oil spills.
Sixty-six projects with a total value of EUR 2.16 million have been granted funding this year. The aim of these studies is to evaluate the feasibility of a long-term investment in a new project country and establish a local presence, for example through a joint venture or subsidiary.
The Nordic Project Fund (Nopef) was established by the Nordic countries in 1982 and is today administered by NEFCO and financed by the Nordic Council of Ministers. To date, Nopef has provided over EUR 100 million in funding distributed over 2800 projects.