A green project portfolio that spans the globe - Nefco
Enriched Nordic · Found: 2026-03-11 08:07
Our projects encompass climate change adaptation; pollution prevention and restoration of biodiversity and ecosystems. Read more about our green projects.
Source: https://www.nefco.int/projects/portfolio-overview/
Funding Details
- Funder
- Nefco (Nordic Environment Finance Corporation)
- Funding Goal
- Accelerate the green transition by financing environmental and climate-related projects globally, with focus on Nordic SMEs, Eastern European municipalities, Baltic Sea protection, and clean energy in Africa.
- Funding Amount
- Loans typically €2-5 million for Nordic SMEs (larger amounts possible). Feasibility study support up to €50,000 (conditional loan convertible to grant). Grants available through trust funds (amounts vary by program). (50.000 € – 5.000.000 €)
- How to Apply
- Six-stage investment cycle: 1) Initial contact with Nefco specialists, 2) Submission of financing proposal and business plan with preliminary environmental impact review, 3) Pipeline entry with full financial analysis, risk assessment and compliance due diligence, 4) Clearance in principle by Board with Term Sheet preparation, 5) Final Board approval with loan agreement signing and fund disbursement, 6) Implementation and monitoring with ongoing reporting requirements.
- Target Region
- Nordic countries, Eastern Europe (Ukraine, Moldova, Georgia, Armenia), Baltic Sea region, Sub-Saharan Africa, global
- Contact
- Nefco, Fabianinkatu 34, P.O. Box 241, FI-00171 Helsinki, Finland. Phone: +358 10 618 003. Email: info@nefco.int
- Last Checked
- 2026-03-12 04:18
Application Checklist
Eligibility
Project Scope
Required Documents
Constraints
Summary
Nefco is the Nordic Green Bank, an international financial institution owned collectively by the five Nordic countries (Denmark, Finland, Iceland, Norway, Sweden). Founded in 1990 and headquartered in Helsinki, it has financed over 1,800 green projects. As of end 2025, Nefco manages over 300 active projects across six continents with a total portfolio value exceeding €560 million, comprising 69 investments from own capital and 255 trust fund projects. Nefco provides a range of financing instruments including loans (typically €2-5 million for Nordic SMEs), blended finance for Eastern European public sector projects, feasibility study support (conditional loans up to €50,000 convertible to grants), results-based financing for African clean energy, and grants through trust funds such as the Baltic Sea Action Plan Fund. All investments must demonstrate clear environmental and climate benefits and are assessed against EU Taxonomy standards. The institution operates across three main business areas: supporting Nordic SMEs with scalable green solutions for international expansion, financing environmental improvements in Eastern European municipalities (Ukraine, Moldova, Georgia), and managing special trust funds for marine conservation, carbon markets, and sustainable development. Key sectors include circular economy, energy efficiency, transportation, agriculture, manufacturing, and waters/seas/oceans. Nefco applies an "additionality" principle, stepping in where commercial financing gaps prevent green investments from being realized.
Historical Context
Nefco was founded in 1990 by the Nordic countries. It has financed over 1,800 green projects since inception. As of 2025, it manages 324 ongoing investments and projects with €77.9 million disbursed in 2025. 80% of investments meet EU Taxonomy eligibility standards. It is one of three Nordic international financial institutions.
Sources
- https://www.nefco.int/projects/portfolio-overview/
- https://www.nefco.int/financing/
- https://www.nefco.int/
- https://www.nefco.int/financing/financing-options/
- https://www.nefco.int/financing/investment-criteria-and-cycle/
- https://www.nefco.int/focus-areas/
- https://www.nefco.int/financing/trust-funds/
- https://www.nefco.int/about-nefco/
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|---|---|---|
| Nordic Environment Finance Corporation (NEFCO) | Nordic | 14 |
| Financed projects | Nefco | Nordic | 14 |
| Green financing around the globe | Nefco | Nordic | 14 |
| Environmental project factory - Nefco | Nordic | 13 |
| Nordic Environment Finance Corporation (NEFCO) | Nordic | 12 |