Nefco: Difference between revisions
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| ⚫ | The '''Nordic Environment Finance Corporation''' ('''Nefco''') is an international finance institution that finances the initial scale-up of Nordic green solutions on international markets. Nefco was established by the Nordic governments Denmark, Finland, Iceland, Norway and Sweden in 1990.<ref>{{Cite web|title=About Nefco|url=https://www.nefco.int/about-nefco/|access-date=2021-07-27|website=Nefco|language=en-US}}</ref> Nefco's task is to accelerate the shift to green by financing the initial scale-up of Nordic environmentally and climate-friendly solutions in international markets. Over the years Nefco has financed over 600 Nordic growth companies to support their internationalisation. In Eastern Europe, Nefco primarily finances municipal projects. Additionally, Nefco works with several green initiatives from the Arctic to Africa. Nefco is headquartered in [[Helsinki]]. |
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| ⚫ | The '''Nordic Environment Finance Corporation''' ('''Nefco''') is an international finance institution that finances the initial scale-up of Nordic green solutions on international markets. Nefco was established by the Nordic governments Denmark, Finland, Iceland, Norway and Sweden in 1990<ref>{{Cite web|title=About Nefco|url=https://www.nefco.int/about-nefco/|access-date=2021-07-27|website=Nefco|language=en-US}}</ref> |
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Nefco's portfolio has a broad range of projects spread across different sectors, including: chemical, mineral and metals, food and engineering, agriculture, water treatment, power utilities, municipal services, waste management, nuclear remediation, environmental management and environmental equipment manufacturing. |
Nefco's portfolio has a broad range of projects spread across different sectors, including: chemical, mineral and metals, food and engineering, agriculture, water treatment, power utilities, municipal services, waste management, nuclear remediation, environmental management and environmental equipment manufacturing. |
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To provide the capital necessary to support projects, Nefco works with its own paid-in capital and a series of different funding bodies. Nefco manages a number of trust funds and facilities such as the Nordic Project Fund ([https://nopef.com/ Nopef])<ref>{{Cite web|title=Nopef – Helping Nordic green solutions to global markets|url=https://nopef.com/|access-date=2021-07-27|website=Nopef|language=en-GB}}</ref>, the [https://www.nefco.int/fund-mobilisation/funds-managed-by-nefco/arctic-council-project-support-instrument-psi/ Arctic Council Project Support Instrument], the [https://www.barentscooperation.org/HS Barents Hot Spots Facility], [https://beyondthegrid.africa/ Beyond the Grid Fund for Africa], and a range of funds of the Governments of the Nordic countries. Nefco also implements projects funded by multilateral organs such as the EU, [https://e5p.eu/ E5P]<ref>{{Cite web|url=https://e5p.eu/implementing-agencies|access-date=2021-07-27 |
To provide the capital necessary to support projects, Nefco works with its own paid-in capital and a series of different funding bodies. Nefco manages a number of trust funds and facilities such as the Nordic Project Fund ([https://nopef.com/ Nopef])<ref>{{Cite web|title=Nopef – Helping Nordic green solutions to global markets|url=https://nopef.com/|access-date=2021-07-27|website=Nopef|language=en-GB}}</ref>, the [https://www.nefco.int/fund-mobilisation/funds-managed-by-nefco/arctic-council-project-support-instrument-psi/ Arctic Council Project Support Instrument], the [https://www.barentscooperation.org/HS Barents Hot Spots Facility], [https://beyondthegrid.africa/ Beyond the Grid Fund for Africa], and a range of funds of the Governments of the Nordic countries. Nefco also implements projects funded by multilateral organs such as the EU, [https://e5p.eu/ E5P]<ref>{{Cite web|url=https://e5p.eu/implementing-agencies |title=E5P Implementing Agencies|publisher=EASTERN EUROPE ENERGY EFFICIENCY AND ENVIRONMENT PARTNERSHIP|website=e5p.eu|access-date=2021-07-27}}</ref> and NDEP on behalf of other parties who are providing resources to environmental projects. |
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Nefco projects are usually run in partnership with the enterprise or organisation that 'owns' the project. Emphasis is placed on direct investments from, for example, public-private partnerships and corporate public services. The structure of any project supported by Nefco needs to create reasonable equilibrium between risk and reward for all interested parties. The aim is to achieve a fair and transparent balance between the structuring of investments and their environmental return. Viewed in the context of associated risk, Nefco aims to offer competitive terms at all times and is ready to take the initial risk if there is a green upside. |
Nefco projects are usually run in partnership with the enterprise or organisation that 'owns' the project. Emphasis is placed on direct investments from, for example, public-private partnerships and corporate public services. The structure of any project supported by Nefco needs to create reasonable equilibrium between risk and reward for all interested parties. The aim is to achieve a fair and transparent balance between the structuring of investments and their environmental return. Viewed in the context of associated risk, Nefco aims to offer competitive terms at all times and is ready to take the initial risk if there is a green upside. |
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==References== |
==References== |
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{{reflist}} |
{{reflist}} |
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<references /> |
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==External links== |
==External links== |
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* http://www.nefco.int/ |
* http://www.nefco.int/ |
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[[Category:Financial services companies established in 1990]] |
[[Category:Financial services companies established in 1990]] |
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[[Category:Companies based in Helsinki]] |
[[Category:Companies based in Helsinki]] |
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Revision as of 05:53, 28 July 2021
The Nordic Environment Finance Corporation (Nefco) is an international finance institution that finances the initial scale-up of Nordic green solutions on international markets. Nefco was established by the Nordic governments Denmark, Finland, Iceland, Norway and Sweden in 1990.[1] Nefco's task is to accelerate the shift to green by financing the initial scale-up of Nordic environmentally and climate-friendly solutions in international markets. Over the years Nefco has financed over 600 Nordic growth companies to support their internationalisation. In Eastern Europe, Nefco primarily finances municipal projects. Additionally, Nefco works with several green initiatives from the Arctic to Africa. Nefco is headquartered in Helsinki.
Nefco's portfolio has a broad range of projects spread across different sectors, including: chemical, mineral and metals, food and engineering, agriculture, water treatment, power utilities, municipal services, waste management, nuclear remediation, environmental management and environmental equipment manufacturing.
To provide the capital necessary to support projects, Nefco works with its own paid-in capital and a series of different funding bodies. Nefco manages a number of trust funds and facilities such as the Nordic Project Fund (Nopef)[2], the Arctic Council Project Support Instrument, the Barents Hot Spots Facility, Beyond the Grid Fund for Africa, and a range of funds of the Governments of the Nordic countries. Nefco also implements projects funded by multilateral organs such as the EU, E5P[3] and NDEP on behalf of other parties who are providing resources to environmental projects.
Nefco projects are usually run in partnership with the enterprise or organisation that 'owns' the project. Emphasis is placed on direct investments from, for example, public-private partnerships and corporate public services. The structure of any project supported by Nefco needs to create reasonable equilibrium between risk and reward for all interested parties. The aim is to achieve a fair and transparent balance between the structuring of investments and their environmental return. Viewed in the context of associated risk, Nefco aims to offer competitive terms at all times and is ready to take the initial risk if there is a green upside.
| Company type | International financial institutions |
|---|---|
| Industry | Financing |
| Headquarters | Helsinki, Finland |
| AUM | EUR 598 million |
| Website | www.nefco.int |
Through its network of partnerships, Nefco supplements finance from other interested parties and financial institutions. Nefco also co-operates with bilateral environmental assistance programmes.
References
- ^ "About Nefco". Nefco. Retrieved 2021-07-27.
- ^ "Nopef – Helping Nordic green solutions to global markets". Nopef. Retrieved 2021-07-27.
- ^ "E5P Implementing Agencies". e5p.eu. EASTERN EUROPE ENERGY EFFICIENCY AND ENVIRONMENT PARTNERSHIP. Retrieved 2021-07-27.
External links
