NEFCO and the City of Lutsk in Western Ukraine have today signed a loan agreement aimed at financing energy-efficiency measures in public buildings in Lutsk. NEFCO will provide EUR 5 million in loan financing for the project.
NEFCO and the Ukrainian company Energopark Yavoriv LLC have signed an equity agreement for the construction of a 36 MWp solar plant in the Lviv region in Western Ukraine. It is NEFCO’s first solar project to be implemented in Ukraine, and it will invest EUR 2.5 million in the project.
The framework agreement between NEFCO and the Republic of Moldova, signed in June last year, has entered into force following the ratification of the agreement by the Moldovan parliament in December.
Within the Nordic-Russian Programme for Environment and Climate Co-operation (PECC) NEFCO has signed grant agreements for nine projects that will improve the possibilities for emission reductions to preserve the biodiversity and help adapt and mitigate climate change in Northwest Russia.
A new financing scheme NEFCO Global Facility has been established under NEFCO’s Investment Fund. The new geographical mandate enables NEFCO to finance environmental projects also outside Eastern Europe and to broaden its investment activities to new project countries.
2017 was a positive year for Nopef, with all project activity goals reached. Nopef granted funding worth EUR 2.2 million to 70 Nordic companies over the course of the year.