Case example: Swedish heat power going global

Swedish Baseload Capital is an investment entity established by three Swedish venture capital companies and Climeon, a Swedish cleantech vendor, for the development of renewable energy projects. Loan financing from NEFCO enables Baseload Capital to expand Climeon Heat Power technology on global markets. Each deployment will result in significant CO2 reductions as well as economic benefits, and contribute to scaling up Nordic green technologies.

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Scaling up Nordic green solutions on global markets

What?

NEFCO can provide loans or equity-type funding to Nordic companies for green investments on global markets, in countries outside its core countries of operation.

The purpose of this financing scheme is to facilitate investments in green solutions and technologies with up-scaling potential and demonstration value on international markets where Nordic companies have identified the best opportunity for market growth, international expansion, and a high probability of project realisation.

Financing under this scheme is offered to Nordic Small and Medium-Sized Enterprises (SMEs) and midcap companies for investments in a subsidiary or an affiliated company that will be established or is already operating in an eligible project country. In certain cases, large Nordic companies can also be considered for funding. Typical funded projects could relate to green investments in facilities, machinery, equipment or technology needed for production or business development in the project country.

The maximum financing under NEFCO Global is normally EUR 2.5 million. The funding is provided as loans on market terms, but equity-type investments can also be considered.

Who can apply for funding?

Nordic SME and midcap companies providing environmentally sustainable products or services, and having at least three years of operational history and planning an international investment can apply for funding.

The project to be funded shall be located outside our core countries of operation (Armenia, Belarus, Estonia, Georgia, Latvia, Lithuania, Moldova, Poland, Russia and Ukraine). Priority is given to projects that have a high demonstration value in the targeted project country and where the provided green solutions have a substantial upscaling potential.

NEFCO requires borrowers to meet reasonable financial criteria, but the primary focus is on the positive environmental impacts of the project. In addition to the environmental aspects, we always examine the technical feasibility and financial profitability of all financed projects.

How to apply?

See how we can finance companies seeking green growth and contact our Investment Managers for further details.

Grants for feasibility studies

We also offer grants for conducting feasibility studies in order to facilitate the internationalisation of Nordic SMEs. Read more about these grants.  

Contacts

Bo Nyhus

Senior Investment Manager

+358 10 6180 665
bo.nyhus@nefco.fi
Danish, English, Russian

Søren Rasmussen

Investment Officer

+358 10 618 0674
soren.rasmussen@nefco.fi
Danish, English, Swedish, Finnish

Helena Lähteenmäki

Senior Investment Manager

+358 10 6180 633
helena.lahteenmaki@nefco.fi
Finnish, Russian, English, Swedish

Dennis Hamro-Drotz

Investment Manager

+358 10 6180 641
dennis.hamro-drotz@nefco.fi
Swedish, Finnish, English

Thor Thorsteinsson

Senior Financial Manager

+358 10 6180 657
thor.thorsteinsson@nefco.fi
Icelandic, Swedish, English

Amund Beitnes

Senior Investment Manager

+358 10 6180 658
amund.beitnes@nefco.fi
Norwegian, English, Russian, Spanish

Mikael Reims

Senior Manager, Head of Origination and Communications

+358 10 6180 670
mikael.reims@nefco.fi
Swedish, Finnish, Norwegian, English

Ulf Bojö

Senior Investment Manager

+358 10 6180 637
ulf.bojo@nefco.fi
Swedish, English, Russian, Italian

Wish to know more?