The Nordic Environment Finance Corporation (Nefco) portfolio
Description
Nefco has passed the EU Pillar Assessment and is eligible to manage funds and actions for the EU. Before Russia’s full-scale invasion, Nefco was working with three programmes funded by the EU’s Neighbourhood Investment Platform (NIP). These have now been partly repurposed, and new EU-funded actions have been established to support urgent recovery and reconstruction.
Projects:
- Modernisation of critical water infrastructure
- Repair and construction of critical infrastructure
- Support for Internally Displaced Persons (IDPs)
- EU support for Urgent Housing Needs for IDPs in Ukraine
- Housing for Internally Displaced Persons and Rehabilitation of Liberated Cities in Ukraine
Over the years, Nefco has financed more than 60 private sector and 230 public sector projects in Ukraine to support the country in their green transition. We have worked across Ukraine with renewable energy and energy efficiency, as well as modernisations of district heating and modernisation of municipal water and wastewater treatment facilities. In the private sector, we have co-financed larger projects together with institutions such as EBRD, FMO, IFU and Swedfund. In the public sector we have blended our loans with grant funds from the Nordic governments, the EU and the Eastern Europe Energy Efficiency and Environment Partnership (E5P).