Nordic Environment Finance Corporation

NEFCO in brief• International Financial Institution

(IFI), established by the Nordic countries in 1990

• Loans, equity investments, export credits and grants for environmental projects

• Funds to a total value of EUR 500 million

• Managing special funds for the Nordic and other countries as well as EU and GEF.

• Headquartered in Helsinki, Finland with 40 employees

• Local offices St. Petersburg & Kiev

Helsinki

Geographic mandate

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Criteria for projects

• The project has to deliver measurable reductions of environmentally harmful emissions

• Only financially viable, bankable investments

• Tested technology must be applied• The project has to be environmentally cost

efficient and contain a Nordic interest

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Types of projects• Energy efficiency measures• Modernisation of industrial production

processes• Raw material and resource savings• Wastewater treatment and waste

management• District heating modernisation• Renewable energy—biomass, wind energy,

geothermal energy, small scale hydro power

Environmental results

Objective:• To strengthen the international competitiveness

of Nordic small and medium sized enterprises (SME) within Green growth and the environmental sector

Funding source:• Annual funding from Nordic Council of

Ministers; 60-70 projects annually• Since 1982 granted funding for 2800 projects

with total value of ~100 M EUR

Nopef – Nordic Project Fund

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• Grant funding for feasibility and project studies aiming at internationalisation of Nordic SME's

• Valid for establishment of foreign business unit, subsidiary, joint venture, acquisition or direct investment

• Support for: market evaluation, risk analysis, development of a business plan and final investment decision

Nopef – grant funding

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• support for SME's in an early and critical stage of internationalization

• A flexible funding instrument with focus on prioritized growth sectors

• Nopef fills a gap not covered by national grant schemes

• Added resources for project evaluation provide for a more informed investment decision

• Gain knowledge, experience and networks in the project countries

Nopef – grant funding

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• Conditional loan up to 40% of project costs• Funding is disbursed against actual feasibility

study costs• Salaries, travel, consultants, legal, business

plan• Converted wholly or partially to a grant depending

on project outcome• 100 % grant if the project is realised, resulting

in a foreign establishment or investment• 50 % grant if the feasibility study does not lead

to an international business set up• Average size of funding is ca EUR 35,000

(maximum EUR 50,000)

Nopef – grant funding

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• Nordic SME´s with commercially proven products or services

• Clearly defined and financially viable projects

• Investments and establishment of permanent business activities

worldwide in non EU/EFTA countries

• Environmental impact and interest- Project contributes to direct or indirect environmental

benefits - Improving energy efficiency and sustainability, reducing

resource consumption, innovations with environmental benefits

- Automation, process technology, IT solutions, services, knowledge transfer

Nopef – project requirements

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• The applicant is a registered company based in a Nordic country

• Small and medium-sized enterprises• Less than 500 employees, turnover less than 100 M euros

- group level if ownership exceeds 50 %

• Established companies: • At least one year of operational activity • Commercially proven products or services• Can provide an audited financial statement• Has industry experience within the field of the

project/investment

• Total grants received over a 3 year period not exceeding EUR 200 000

Nopef – project requirements

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Nopef - project portfolio, 157 active projects as of October 2015

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29

7

24

4

36

6

2

2

4

3

2

2

5

2

2

2

2

3

2

2

2

2

Focus on Green GrowthKey areas for Nopef funding

Energy efficiency

Renewable energy

Infrastructure and smart grids

Building technology

Recycling and Waste

managementWater treatment

Air and ventilation technology

Environmental Control and monitoring

Automation and Control

Technology

Intelligent Systems and

Green ICTNew materials and process industry

Response and Safety

Technology

Nopefs role in the internationalisation of SME's

Innovation &Commercialis

ation• Nordi

c Innovation

• TEKES• Innovasjo

n Norge• Vinnova• Innovatio

n Center Iceland

• Væksthusene

Evaluation of new growth

markets

• Nopef • Finpro• Business

Sweden• Innovasjo

n Norge• Promote

Iceland• Eksportrå

det

Investment

• NEFCO

• NDF• NIB• IFU• ALMI• Finnvera• Innovasjo

n Norge

Nopef connects the innovation and investment phases

Lamor Oy - Öljyntorjuntalaitteistoja Brasiliaan

• Valmistaa öljyntorjuntalaitteistoja ja tarjoaa siihen liittyviä palveluja, kuten huoltopalveluja, koulutusta ja tuotekehitystä.

• Lamor on avannut toimipisteen Rio de Janeirossa ja solminut ensimmäiset huoltosopimukset paikallisen öljy- ja kaasuteollisuuden kanssa.

• Pystyäkseen vastaamaan markkinoiden kilpailuun paikallisen toimipisteen perustaminen maahan oli välttämätöntä.

• Yritysten on noudatettava paikallista ja kansainvälistä ympäristölainsäädäntöä ja niillä on siten oltava valmiudet tehokkaaseen ja moderniin öljyntorjuntaan.

Eltete TPM Oy -pakkausyritys laajentaa Dubaihin• Eltete TPM Oy on perustanut Dubaihin

kartonki- ja pakkaustehtaan paikallisen teollisuuden toimituksia varten.

• Yritys on kierrätettävien kuljetuspakkausten ja -ratkaisujen valmistukseen ja myyntiin erikoistunut kansainvälinen konserni.

• Tuotteet valmistetaan kierrätyskartongista.

• Projekti toteutettiin Nopefin myöntämällä osarahoituksella.

• Kartonginvalmistus kohdistetaan aluksi Dubai Logistics Cityn lentorahtiterminaalin ja paikallisen teollisuuden läheisyyteen.

• Eltete TPM:n on tehnyt sopimuksen tulevista tuotantotekniikkaan liittyvistä toimituksista useisiin Lähi-idän maihin.

Ecompter Oy - Thaimaan markkinoille ympäristöpalvelu hiilijalanjäljen laskemiseksi

• Ecompter Oy on aloittanut toimintansa Thaimaassa tarjotakseen ympäristöpalveluja maan hotelli- ja kongressisektorille.

• Yrityksen palvelujen avulla voidaan tehokkaasti laskea ja tarkkailla tuotteen, toiminnon tai palvelun aiheuttamaa hiilijalanjälkeä.

• Yrityksen päätös perustui esitutkimukseen, jonka rahoitukseen Nopef osallistui.

• Ecompter käyttää hiilijalanjäljen laskennassa menetelmää, joka perustuu GHG-protokollaan (GreenHouse Gas protocol).

• Ecompterin laskelmat voidaan integroida hotellien varausjärjestelmään, minkä ansiosta hotelleja voidaan vertailla keskenään ja hotellin asiakkaat saavat aitoa lisäarvoa.

Hanke-esimerkkejä 2010-2014

Lamor Corporation AbRio de Janeiro, BrasiliaÖljyntorjuntalaitteistoja ja siihen liittyviä palveluja

Eltete TPM OyDubai, Arabiemiraatit:Kierrätettäviä kuljetuspakkauksia ja -ratkaisuja

Kiosked OyNew York ja Los Angeles, USA:Nettipohjaisia e-kaupparatkaisuja

Uusioaines OyPietari, VenäjäLasien kierrätys

Optomed OyShanghai, Kina:Digitaalisten lääketieteen laitteita ja kuvantamislaitteita

• Support in an early stage of internationalisation • Risk sharing on new demanding markets• Opportunities for reference and pilot projects• A more informed investment decision• Knowledge, experience and networks

Nopef – added value

www.nopef.com

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Climate

NEFCO's export credit financing• Export credits can be

provided in the range of EUR 150,000 to EUR 5,000,000 for exports to Russia

• NEFCO can in close co-operation with Nordic Export Credit Agencies finance up to 85 per cent of the total value of Nordic exports with a buyer credit

• Focus on cleantech and energy saving equipment

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NEFCO loanexpected max. repayment period 4 years

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Export Credit Institution

NEFCO

Credit funds85 %

Buyer CreditCash payment15 %

Delivery

Nordic company

Buyer

Buyer CreditGuarantee

Contact NEFCO

Nordic Environment Finance Corporation (NEFCO) P.O. Box 249, FI-00171 HELSINKI, FINLAND        

Office: Fabianinkatu 34 Tel: +358 (0)10 618 003 

Fax: +358 9 630 976

www.nefco.org

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