1 / 11

Nordic Environment Finance Corporation (NEFCO)

Learn about NEFCO, an international financial institution established by the five Nordic countries, that finances projects with beneficial environmental impact through loans and investments. Explore NEFCO's environmental priorities, funding opportunities, and successful joint venture investments in renewable energy, biogas production, and biomass conversion.

btufts
Télécharger la présentation

Nordic Environment Finance Corporation (NEFCO)

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Nordic Environment Finance Corporation (NEFCO) Green Growth and Joint Venture Investments Tallinn, 15 October 2010 Magnus Rystedt

  2. NEFCO in brief (1) • International Financial Institution, established by the five Nordic countries in 1990 • Total funds 400 million EUR • NEFCO financesprojects with beneficialimpact on the environment. providingloans and capitalinvestments • Geographicmandate: Russia, Ukraine, Belarus, Estonia, Latvia and Lithuania • NEFCO'senvironmentalpriorities: climateissues, the state of the Baltic Sea and mitigation of toxic emissions, liquidation of environmental hot spots in the Arctic and Barents regions. • 26 employees, 6 localconsultants

  3. NEFCO in brief (2) • Morethan 400 projectsapproved • Morethan 50 waste water relatedprojects in the BS area. • Managingseveraldiffernetfunds. In addition to investment capability this alsoincludes TA funds and CarbonFunds; Testing GroundFacility and NEFCO CarbonFund. Specificrelevance for the EU Strategy for the Baltic Sea Region: • Managing the BSAP Fundtogether with NIB. The TA fundamounts to €11,6 million (Sweden and Finland are contributors) and aims to support implementation of projects relevant for the BSAP. • NEFCO is involved with otherIFI's (EIB, EBRD and NIB) in the Northern Dimension EnvironmentalPartnership (NDEP) targetingenvironmentalinvestments in NW Russia and Belarus. The NDEP support fund for env. projectsamounts to €127 million and is managed by EBRD.

  4. Projects

  5. VARDAR EURUS Investment in renewableenergyproduction in the Baltic countries Established 2004 by Vardar, a Norwegian utilitycompany NEFCO shareholder from 2005 Cooperation partner, Freenergy , a private Estonian investment group, EBRD shareholder from 2009

  6. VARDAR EURUS - Investment Portfolio 264 MW Potential reduction of CO2 520 000 t/a • Estonia • 10 windparks total capacity 135.4 MW • of which 2 parks under construction • 2 biogas projects under preparation • total annualenergyproduction 24 000 MWh • Lithuania • 4 windparks total capacity 78,9 MW • of which 3 parks under construction or preparation • Latvia • 1 windpark of 50 MW capacity under preparation

  7. EKORESURSAI Biogas extraction from old landfill in Kaunas region Owner New Heat (Finnish owners), Lithuania since 2004 NEFCO granted subordinated loan Sale of ERUsprecondition for viability Emission ReductionPurchaseAgreement with TGF – approx.167 000 ton CO2eq Second stage of biogas extraction under preparation

  8. BALTIC PORK Pigbreeding, Latvia Owned by IPI, a Norwegian investment company Investing in biogas production – while doubling production NEFCO joining as shareholder and lender 2010 Main environmentalbenefit Cost efficient reduction of run off of nutrients from agriculture to the Baltic Sea A priority area for NEFCO's investments in the Baltic countries

  9. RINDIPOL Z.A. Switch from coal to biomass in small and medium sized district heating plants in northern Poland Established in 2003 as a Joint Venture between RindiEnergi AB (SE) and NEFCO NEFCO owns 35% of the company and RindiEnergi AB owns 65% Operates two DH plants, one in Chojnice and one in Hajnowka, that have been converted to use biomass instead of coal as fuel

  10. RINDIPOL Z.A. • Chojnice plant produces 87,000 GJ/year • Hajnowka plant produces 200,000 GJ/Year • Both plants will be extended to include electricity production. • A separate bio-fuel trading company Biopal, has been established to source all the biomass burned in the two installations from sawmills in Northern Poland • It is envisaged that Biopal will import biomass from the forestry service sister company Rindibel in Belarus • A total of some 8 MEUR has been invested in Rindipol and Biopal

  11. Hajnowka Chojnice

More Related