NEFCO

NEFCO Nordic Environment Finance Corporation is an international financial institution established in 1990 by the five Nordic countries with the aim of having a positive impact on the climate and environment in a cost-efficient way.

We wish all our followers and stakeholders happy holidays and a good new year 2021! #sustainable2021 #Greenrecovery
22/12/2020

We wish all our followers and stakeholders happy holidays and a good new year 2021! #sustainable2021 #Greenrecovery

We have published information about all our #Awarded #contracts between June-November 2020. Have a look on our website f...
21/12/2020
Awarded contracts | Nefco

We have published information about all our #Awarded #contracts between June-November 2020. Have a look on our website for more information.

https://www.nefco.org/procurement/awarded-contracts/

We publish on a periodical basis a list of contracts awarded including name and nationality of suppliers, contractors and consultants to whom contracts have been awarded as well as the contract prices…

NEFCO has signed an agreement with #Finnish Taaleri Energia to invest capital in the fund manager’s fifth renewable ener...
17/12/2020
NEFCO invests in the Taaleri SolarWind II renewable energy fund | Nefco

NEFCO has signed an agreement with #Finnish Taaleri Energia to invest capital in the fund manager’s fifth renewable energy fund, Taaleri SolarWind II. The aim is to co-finance the construction of solar and wind projects in Central and Eastern Europe and support the #greentransition in these areas.

“We are delighted that NEFCO has invested in the Taaleri SolarWind II CEE fund and value its experience in the region and strong commitment to accelerating the green energy transition,” said Stephen Ross, Head of Investor Relations at Taaleri Energia.

“This is our fourth fund investment but our first in a fund exclusively investing in renewable energy projects and managed by a Nordic fund manager. We are very pleased to be cooperating with Taaleri Energia, which is an experienced fund manager that has a strong track record of investing in the sector and operating renewable energy plants,” commented Thor Thorsteinsson, Vice President Green Transition of Nordic SMEs at NEFCO.

#renewableenergy #solarenergy #windenergy #sustainableenergy #centraleurope #easterneurope

Read more at: https://www.nefco.org/news/nefco-invests-in-the-taaleri-solarwind-fund/

NEFCO has signed an agreement with Finnish Taaleri Energia to invest capital in the fund manager’s fifth renewable energy fund, Taaleri SolarWind II. The aim is to co-finance the construction of solar…

In the city of Fastiv, in #ukraine, a project improving #energyefficiency was recently completed. Inhabitants of the cit...
17/12/2020
Modernised street lighting and refurbished educational buildings improve energy efficiency in the city of Fastiv | Nefco

In the city of Fastiv, in #ukraine, a project improving #energyefficiency was recently completed. Inhabitants of the city already benefit from modernised #streetlighting and refurbished #educationalbuildings. As a result of the modernisation, energy consumption to heat the educational buildings has decreased by 30%. The project was loan financed through our Energy Saving Credits facility and grant financed by Eastern Europe Energy Efficiency and Environment Partnership Fund - E5P. Read more at https://www.nefco.org/news/modernised-street-lighting-and-buildings-improve-energy-efficiency-in-the-city-of-fastiv/

In the city of Fastiv a project improving energy efficiency was recently completed. Inhabitants of the city already benefit from modernised street lighting and refurbished educational buildings.

Denmark is joining the Beyond the Grid Fund for Africa initiative as regards a planned expansion to #uganda. The initial...
16/12/2020
NEFCO welcomes Denmark as a new contributor to the multi-donor BGFA programme | Nefco

Denmark is joining the Beyond the Grid Fund for Africa initiative as regards a planned expansion to #uganda.

The initial Danish contribution, through Udenrigsministeriet /the Ministry of Foreign Affairs, is DKK 37.5 million (EUR 5 million) and seeks to provide off-grid solar power to up to 500,000 people currently without access to electricity in Uganda.

“Despite Denmark’s small size, our ambition is to take leadership for driving a global inclusive green transition. The Danish Government has set a target to contribute to 5.8 million people gaining access to clean energy by 2023. With the Danish support to the Beyond the Grid Fund for Africa, we expect to be able to contribute to providing access to off-grid renewable energy for up to half a million people in Uganda and create new decent green jobs in the solar energy sector,” commented Flemming Møller Mortensen, Danish Minister for Development Cooperation.

“We are very pleased to welcome Denmark as a new Nordic contributor to the BGFA programme. As recognised by all at the Climate Ambition Summit a few days ago, bold leadership, concrete actions and innovate financing to swiftly reach scale are more needed than ever to meet the goals we set 5 years ago.”, stated Helle Lindegaard, Vice President, Head of the BGFA Unit at NEFCO.
#offgrid #cleanenergy #SDG7

Read more at https://www.nefco.org/news/nefco-welcomes-denmark-as-a-new-contributor-to-the-bgfa-programme/

Denmark is joining the Beyond the Grid Fund for Africa (BGFA) initiative as regards a planned expansion to Uganda. The initial Danish contribution is DKK 37.5 million (EUR 5 million).

Beyond the Grid Fund for Africa announces its next Call for Proposals for micro-grid enterprises in Mozambique. The laun...
10/12/2020
The Beyond the Grid Fund for Africa announces its next Call for Proposals for micro-grid enterprises in Mozambique | Nefco

Beyond the Grid Fund for Africa announces its next Call for Proposals for micro-grid enterprises in Mozambique. The launch of the pre-qualification stage is expected in the beginning of February 2021.

This funding window has been designed in cooperation with the Mozambican Energy Fund (FUNAE), which has contributed substantially to off-grid energy access over the last 20 years. The roll-out is expected to be implemented under a pilot licensing framework focusing on the provision of off-grid energy services within specified energy service areas. The energy services will be rolled out during a four-year period with total funding of EUR 6.7 million.

Read more on our website https://www.nefco.org/news/bgfa-announces-its-next-call-for-proposals-in-mozambique/

#cleanenergy #offgrid #SDG7 #Mozambique Sida - Styrelsen för Internationellt Utvecklingssamarbete and Embaixada da Suécia em Maputo

In February 2021, BGFA will continue its expansion to Mozambique and invite interested energy service providers to compete for a funding window geared specifically towards developers of micro-grids.

The project for rehabilitation of the water and #wastewater #treatment facilities in the city of #Petrozavodsk, #Russia ...
10/12/2020
Residents of Petrozavodsk benefit from improved water and wastewater services | Nefco

The project for rehabilitation of the water and #wastewater #treatment facilities in the city of #Petrozavodsk, #Russia has been completed. With an 83% reduction of phosphorus discharges into lake Onega, the community has clearly benefitted from the joint efforts of the Nordic financiers and the local authorities. Now, the modernised facilities fulfil the requirements defined by HELCOM - Baltic Marine Environment Protection Commission.

The achieved results led to significant improvements in the quality of drinking water and wastewater treatment. Among other benefits, the project enhanced community health and safety by ensuring improved drinking water quality and reduced environmental load to the water resources.

The project was financed by NEFCO, Nordic Investment Bank, the Northern Dimension Environmental Partnership (NDEP) and the Finnish Government. Read more on our website. Read more at https://www.nefco.org/news/petrozavodsk-wastewater-project-completed/

The project for rehabilitation of the water and wastewater facilities in Petrozavodsk, Russia, resulted in 83% reduction of phosphorus discharges into lake Onega. HELCOM requirements are now fulfilled.

The construction of a biogas plant at the Lviv wastewater treatment plant was officially launched today with a signing c...
04/12/2020

The construction of a biogas plant at the Lviv wastewater treatment plant was officially launched today with a signing ceremony between the contractor Riko-Cambi and the Lviv Vodokanal.

Representatives from the city, the Lviv Vodokanal, the contractor, European Union in Ukraine and the project financiers participated in the official ceremony. In addition to loan financing from European Bank for Reconstruction and Development (EBRD) and NEFCO the project is grant funded by John Nurmisen Säätiö and Eastern Europe Energy Efficiency and Environment Partnership Fund - E5P.

The project will result in significant CO2 savings as the methane from municipal sewage sludge will be extracted to produce electricity, which otherwise would not be used, and the produced electricity will make the wastewater treatment plant self-sufficient.
#biogasplant #methane #sludge #renewableenergy

Сьогодні відбулося підписання найбільшого контракту в історії ЛМКП "Львівводоканал" по проекту виробництва біогазу із осаду комунальних стічних вод на суму 31,5 млн.євро.

Львів – перше місто в Україні, яке завершило міжнародну процедуру відбору підрядника по проекту виробництва біогазу із комунальних стічних вод і це один з важливих інфраструктурних проектів міста у співпраці з міжнародними фінансовими інституціями на супроводі команди Invest in Lviv.

Проект фінансується European Bank for Reconstruction and Development (EBRD) (15 млн.євро), NEFCO (5 млн.євро), Eastern Europe Energy Efficiency and Environment Partnership Fund - E5P (7,5 млн.євро грантові кошти) та Львівська міська рада (4 млн.євро).

За результатами проведеної міжнародної процедури відбору підрядником визначено словенсько-норвежський консорціумом RIKO-CAMBI. Контракт триватиме до червня 2023 року. За цей час відбудеться виконання комплексу робіт з розробки проектно-кошторисної документації (до вересня 2021), будівельно-монтажних та пусконалагоджувальних робіт (до червня 2022) та введення в експлуатацію об’єкта (до червня 2023).

Hennadiy Vaskiv Natalie Popyk Alina Karpovych Egis Андій Чех

Watch our video about implemented #energyefficiency measures in public buildings in #Kyiv, #Ukraine. The completed proje...
03/12/2020
Energy-efficiency measures implemented in the city of Kyiv, Ukraine

Watch our video about implemented #energyefficiency measures in public buildings in #Kyiv, #Ukraine. The completed project has benefitted over 197,000 people and resulted in larger savings than expected. Eastern Europe Energy Efficiency and Environment Partnership Fund - E5P, Embassy of Sweden in Kyiv and USAID Ukraine - USAID Україна. https://www.youtube.com/watch?v=d6DGLuisnes

Over 197,000 people in Kyiv, Ukraine have benefitted from the financed project by NEFCO, E5P, Sweden, USAID and the Kyiv City. The city has, together with th...

The Municipality of Ungheni in Moldova and NEFCO have signed a loan agreement to modernise and expand the current street...
03/12/2020
Second energy-efficiency project to be implemented in Moldova | Nefco

The Municipality of Ungheni in Moldova and NEFCO have signed a loan agreement to modernise and expand the current street lighting network in the city by implementing energy-efficient lighting measures. This is the second project that is being implemented with NEFCO financing in Moldova.

“By upgrading the current lighting system to modern LED technologies, the municipality will achieve significant emissions reductions, energy savings and reduced maintenance costs. Without the NEFCO loan, we would not have been able to start this project, which is a high priority area for our citizens. We are therefore very grateful for our cooperation with NEFCO and the approved financing,” commented Alexandru Ambros, Mayor of Ungheni in connection with the signing of the loan agreement.

“It is very positive to see that cities in Moldova are interested in energy-efficiency investments. This will not only contribute to the development of a modern and improved infrastructure for the cities’ inhabitants but also support the country’s efforts toward a green transition,” said Aliona Fomenco, ESC Programme Manager at NEFCO.
#streetlight #energyefficiency #Moldova

Read more at https://www.nefco.org/news/second-energy-efficiency-project-to-be-implemented-in-moldova/

The Municipality of Ungheni and NEFCO have signed a loan agreement to modernise and expand the current street lighting network in the city by implementing energy-efficient lighting measures.

We have launched fast-track #GreenRecovery #financing for Nordic SMEs to finance investments and business activities tha...
18/11/2020

We have launched fast-track #GreenRecovery #financing for Nordic SMEs to finance investments and business activities that support international growth following the economic consequences of the COVID-19 pandemic. Read more on our website and apply! https://www.nefco.org/financing-options/green-recovery-financing/

“The crisis is here and now, and we have therefore created a fast-track system for this loan programme. We want to help eligible companies proceed as soon as possible with their internationalisation projects. Nordic green businesses that grow globally help to strengthen Nordic competitiveness and contribute to the green transition we so urgently need,” explains Thor Thorsteinsson, NEFCO’s Vice President of Green Transition Nordic SMEs.

Projects may be related to a wide variety of green technologies and solutions, such as #energyefficiency. #renewableenergy, #industry processes and #circulareconomy, as well as #sustainablefood production and #Agriculture.

Our Baltic Sea Action Plan Fund has since 2010 worked for a healthier #balticsea by financing innovative projects contri...
13/11/2020

Our Baltic Sea Action Plan Fund has since 2010 worked for a healthier #balticsea by financing innovative projects contributing to restoring the ecological status in the Sea.

So far, over 40 projects have received funding from the BSAP fund for preparation, technical assistance as well as implementation support and currently some 30 new applications are being evaluated.

👉 Join us in celebrating the #BalticSeaActionPlan Day on 15 November! HELCOM - Baltic Marine Environment Protection Commission.

The BSAP Fund is financed by contributions from the governments of #sweden and #Finland and jointly managed by NEFCO and the Nordic Investment Bank.

https://www.nefco.org/bsap

Beyond the Grid Fund for Africa's first Call for Proposals received a strong response, attracting a total of 84 applicat...
12/11/2020
BGFA First Call for Proposals receives strong response | Nefco

Beyond the Grid Fund for Africa's first Call for Proposals received a strong response, attracting a total of 84 applications! 79 of these have passed the initial check, and will enter the evaluation process and final application stage in early December.

The current financing round aims to support a number of #offgridenergy companies and to provide affordable #cleanenergy to more than 3.5 million people in peri-urban and rural areas in #BurkinaFaso, #Liberia and #Zambia.

BGFA is managed by NEFCO, implemented by Renewable Energy and Energy Efficiency Partnership (REEEP) and funded by Sida - Styrelsen för Internationellt Utvecklingssamarbete

Read more at: https://www.nefco.org/news/bgfa1-receives-strong-response/

#energyaccess #SDG7 #renewableenergy #energytransition

The Beyond the Grid Fund for Africa (BGFA) received 84 applications for the Pre-Qualification stage under its first Call for Proposals (BGFA1) in Burkina Faso, Liberia and Zambia. Out of these, 79 applications have passed the initial completeness check and are now about to enter the evaluation and s...

Beyond the Grid Fund for Africa is open for new applications until 30 October. We advise you to submit your application ...
29/10/2020
How To Apply - BGFA

Beyond the Grid Fund for Africa is open for new applications until 30 October. We advise you to submit your application well ahead of tomorrow’s deadline at 23:59 hrs Helsinki Time (UTC +2 hrs). #BurkinaFaso #Liberia #Zambia Embassy of Sweden in Monrovia, Embassy of Sweden in Kampala, Embassy of Sweden in Lusaka, Sida - Styrelsen för Internationellt Utvecklingssamarbete

The BGFA funding rounds are divided into two stages: A Pre-Qualification stage and a Final Application stage. Interested off-grid energy companies are requested to register and submit their applications using the SmartME online intake system.

The city of Ivano-Frankivsk and NEFCO has cooperated since 2007 to implement energy-efficiency modernisations in 56 educ...
22/10/2020

The city of Ivano-Frankivsk and NEFCO has cooperated since 2007 to implement energy-efficiency modernisations in 56 educational institutions in the city and has recently signed a loan agreement for additional financing to the ongoing large scale energy-efficiency project.

The new project phases - phase II and III - aim to renovate additional 44 buildings and are expected to result in further 2,300 tonnes annual CO2 reductions and generate more than EUR 420,000 in annual cost savings.

The first phase of the large scale energy-efficiency project has been completed this year, including refurbishment of a rehabilitation centre and day-care centres No. 4, 16, 18, 23, 33, and 36. The implemented energy-efficiency measures in these 7 buildings will result in annual cost savings totaling approx. EUR 140,000 for the city.

Financing for phases I-III has been provided by NEFCO in Ukraine, the city of Ivano-Frankivsk, Sweden, and Eastern Europe Energy Efficiency and Environment Partnership Fund - E5P.

Attached photos are from the renovated day-care centres No. 4, No. 33 and No. 23 during the first phase of the ongoing energy-efficiency project. Photo credits: Norsk Energi/ Ihor Rybitskiy for NEFCO.

We are together with Eastern Europe Energy Efficiency and Environment Partnership Fund - E5P, @EUinGeorgia and @DanishMF...
22/10/2020
Energy-efficient schools and day care centres – a real opportunity for Georgia? | EU Neighbours

We are together with Eastern Europe Energy Efficiency and Environment Partnership Fund - E5P, @EUinGeorgia and @DanishMFA financing #energyefficiency improvements in public buildings across #georgia. The project comprises renovations of 26 buildings, incl. 12 schools and 7 day-care centres. Read the story on
EU Neighbour East website https://www.euneighbours.eu/en/east/eu-in-action/stories/energy-efficient-schools-and-day-care-centres-real-opportunity-georgia #EU4Energy.

One of Georgia’s priorities for 2019–2020 is to increase the energy efficiency of public buildings, including day care centres and schools. On the one hand, this will reduce municipal costs, and on the other, it will lay the foundations for a new environmentally conscious system.

Just some 40 km away from the military conflict zone in Eastern #ukraine, more than 60,000 inhabitants will benefit from...
15/10/2020
Energy-efficient street lighting improves safety | Nefco

Just some 40 km away from the military conflict zone in Eastern #ukraine, more than 60,000 inhabitants will benefit from improved safety as a result of updated #streetlighting and installed #trafficlights.

The new lighting system improves #energyefficiency, reduces costs and helps to strengthen self-government of the city of Rubizhne, situated in the Luhansk region.

The implemented measures have been financed with a grant provided from the Nordic Initiative for Energy Efficiency and Humanitarian Support in Ukraine (NIU), a facility launched in 2014 by the Nordic Ministers of Foreign Affairs.

https://www.nefco.org/case-studies/energy-efficient-street-lighting-improves-safety-in-the-city-of-rubizhne/

Just some 40 km away from the military conflict zone in Eastern Ukraine, more than 60,000 inhabitants will benefit from improved safety as a result of updated street lighting and installed traffic…

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Over the years, NEFCO has financed more than 1,000 private and public sector projects across different sectors in 80 countries, with a strong focus on Eastern Europe, the Baltic Sea, and the Arctic and Barents Regions.

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