Under the BSAP Fund grant financing can be awarded for projects in the Baltic Sea catchment area, in order to speed up the implementation of the HELCOM Baltic Sea Action Plan. Selected proposals may receive grant financing from EUR 30,000 to EUR 200,000 subject to certain co-financing requirements.
The Finnish oil re-refinery company STR Tecoil Oy is going to start collecting used lubricant oil in Russia for recycling. The company is financing its operations partly through a loan from NEFCO. At first, STR Tecoil will set up the collection system in St Petersburg and Leningrad region. The company then plans to eventually expand its operations to other regions. The collected waste oil will be sent to regeneration plants for the manufacture of new base oil products.
The Board of Directors of the Nordic Environment Finance Corporation (NEFCO) has appointed Trond Moe (Norway) as the new Managing Director starting from 1 June 2019. He will succeed Magnus Rystedt (Sweden), who has been Managing Director of NEFCO since 2006.
NEFCO and Swedish International Development Cooperation Agency (Sida) have today signed an agreement to cooperate on expanding off-grid electricity solutions in sub-Saharan African countries.
Baseload Capital Holding AB and the Nordic Environment Finance Corporation, NEFCO, have agreed on a financing programme to accelerate the building and deployment of Heat Power plants on a global scale.
The Nordic Environment Finance Corporation (NEFCO) is co-financing the construction of the largest wind power plant to date in Ukraine. The 250 MW wind farm will be built in Kherson Oblast in south Ukraine. The project is co-owned by the Norwegian windfarm developer NBT AS and French renewable energy Independent Power Producer (“IPP”) Total Eren S.A.
Finland’s Chief Negotiator Outi Honkatukia is positive about the outcome of the international climate negotiations in Katowice, Poland, in December last year and believes the parties will commit to the global climate agreement also in the future.
The 5th International Arctic Forum Territory of Dialogue will take place in St Petersburg on 9–10 April 2019. The Forum is a major platform for discussion with foreign partners of pressing issues and prospects for the development of the Arctic region.
