NEFCO has signed a Subscription Agreement with AS BaltCap for an equity investment in a new infrastructure fund for the Baltic states. NEFCO will invest EUR 3 million in the fund.
Nopef has approved financing for 43 new projects in 2017 for a total value of approx. EUR 1.3 million. The funded companies are expected to raise total investments of EUR 86 million once they establish a local presence in the project countries.
NEFCO and the Republic of Moldova have today signed a framework agreement that acknowledges NEFCO’s status as an international financial institution in Moldova.
The new agreement on NEFCO’s mandate that was signed by all five Nordic countries on 14 December 2016 enters into force today. At the same time, the Corporation’s amended statutes are officially adopted.
The Arctic Council Project Support Instrument (PSI) has approved two major projects aimed at reducing the release of short-lived climate pollutants from the oil and gas, and fisheries sectors.
NEFCO and the Russian LLC Novgorod Timber Company Sodruzhestvo have signed a loan agreement aimed at modernising wood processing production in Nebolichi in the Novgorod region in Russia. Sodruzhestvo will replace an existing sawing line with a new one that will increase production, improve the efficiency of wood processing and boost the company’s revenues.
GS’s business direction has changed many times since it was founded in 2001. GS initially worked as an intermediary in renewable energy, which led the company to later become a consultancy firm. It was via its consultancy business that GS eventually started working with funds related to renewable energy and emissions trading. All this, in turn, led to GS starting up energy efficiency activities in China over ten years ago.
The first Climate Forum of Russian cities will take place in Moscow on 21-22 August.
Arctic Energy Summit 2017 will be organised in Helsinki on 18-20 September under the Finnish chairmanship of the Arctic Council. The event is organised by the Institute of the North and the Finnish Ministry of Economic Affairs and Employment.
