Helping Nordic green solutions to grow on global markets

How can Nopef support your business?

If you represent a Nordic company with a proven solution related to environment protection, renewable energy, climate change mitigation or other type of sustainability, and you plan to expand abroad with your solution, read further.

Nopef finances feasibility studies related to green growth and sustainable development in a country outside EU/Efta for Nordic small and medium-sized companies. The feasibility studies aim to assess the establishment of long-term business operations in the project country. The main priority is that the project or expansion should contribute to a direct or indirect environmental impact and an increased environmental awareness in the target countries.

The objective of Nopef financing is to facilitate the implementation of Nordic green solutions on a global market and strengthen the international competitiveness of Nordic companies.

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A Nordic company which has fewer than 500 employees and less than EUR 100 million in turnover.

The project contributes to positive environmental effects.

The company has sufficient resources to implement an establishment of business operations in the project country, outside the EU/Efta.

The project contributes to the benefit of the Nordic countries.

Funded projects

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About us

Nopef is a project fund administered by NEFCO and financed by the Nordic Council of Ministers. The primary objective is to promote Nordic green solutions to global markets by offering financing to Nordic small and medium-sized companies that are planning to expand with their solution(s) to other countries. We do this by funding feasibility studies related to the project and how it would affect the environment, climate and green growth. Over the years, some 3000 projects have received financing from Nopef, resulting in more than 1,000 established businesses outside the Nordic countries.

The administrator of Nopef, the Nordic Environment Finance Company NEFCO, is an international financial institution founded by the Nordic countries. NEFCO provides risk capital and environmental verification for small and medium-sized private and public projects with demonstration value. The aim is to help the Nordic countries to promote their green priorities and execute international sustainability programs.

Small and medium-sized companies can scale up and apply for further financing through NEFCO’s Global facility for e.g. implementation of their plans to expand abroad. For further information on NEFCO and other financing opportunities, read more about NEFCO »

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