Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698060331601.pdf (Liberia)
Grants for internationalisation of Nordic green solutions NORDIC ENVIRONMENT FINANCE CORPORATION Reykjavik 12.9.2019 Mikael Reims, Head of Nordic Project Fund, NEFCO NORDIC FINANCE GROUP The Nordic multilateral financial institutions cooperate and offer complementary financing and competences.

The institutions are located under the same roof in Helsinki, Finland.

• We offer long term financing to projects that improve productivity and benefit the environment of the Nordic and Baltic countries.
• We finance sustainable green growth and climate projects globally.

• We focus on small and medium-sized projects with demonstration value.

• We offer bankability through risk capital, grants and environmental verification.

• We provide financing for climate change and development projects primarily in low-income countries.

• We offer concessional financing through loans, grants and equity often as blended financing packages.
CASE: A TEN-YEAR AND SEK 500 MILLION LOAN TO UPGRADE THE SLUSSEN WATER LOCKS AND TRAFFIC HUB IN STOCKHOLM - FINANCED BY NIB ENVIRONMENTAL BONDS CASE: FINANCING FOR ENERGY-EFFICIENCY PROJECTS IN SCHOOLS IN UKRAINE SAVING ENERGY, REDUCING CO2 EMISSIONS AND BENEFITTING 170,000 CHILDREN CASE: EQUITY AND GRANT FINANCING FOR A GLOBAL FUND INVESTING IN CLIMATE RESILIENCE SOLUTIONS AND TECHNOLOGIES Illustration: City of Stockholm Photo: Patrik Rastenberger Photo: Naps Systems NORDIC ENVIRONMENT FINANCE CORPORATION Nopef - Nordic Project Fund 3 • Established by the Nordic countries 1982 as an institution under Nordic Council of Ministers (NCM) • Objective to strengthen competitiveness of Nordic SME's on global markets • Focus on green growth and climate solutions • Funded through NCM's annual budget (approx.
EUR 2 million per year) NORDIC ENVIRONMENT FINANCE CORPORATION 4 Scaling up Nordic green solutions on global markets NORDIC ENVIRONMENT FINANCE CORPORATION • Nopef offers co-financing (Grants) for feasibility studies aiming at internationalisation • Aim to assess establishments and investments on new international markets • So far over 3000 co-financed projects.
• Over EUR 100 million approved in funding • over 1000 Nordic companies have established international operations with grants from Nopef Nopef helps Nordic SME's to bridge the gaps to international markets Internal gaps External gaps Financial and resource constraints Information and knowledge shortages Product and price barriers Business environment & economic barriers Network and procedural barriers Regulatory, legal and trade barriers NORDIC ENVIRONMENT FINANCE CORPORATION Steps in a feasibility study project co-financed by Nopef GO or NO-GO Decision Operations recruitment, localisation Final business plan & proposal Legal & local regulations Partner & supplier evaluation Risk and financial analysis Market validation From project idea to international establishment Project idea NORDIC ENVIRONMENT FINANCE CORPORATION Nopef offers funding for projects outside the Nordic countries and EU/Efta NORDIC ENVIRONMENT FINANCE CORPORATION • Over 390 co-financed projects 2014-2019 • Nopef estimated to participate in more than 10 % of all Nordic SME foreign establishments Nopefs internationalisation support • Funding for feasibility studies aiming at internationalisation • Nopefs co-financing can cover up to 40% of project costs • Max amount of EUR 50,000 per project (ISK 6,9 million) • Costs for salaries, travel, consultants, external experts • Disbursed in two tranches - half during project, other half if project leads to internationalisation • Funds are converted into a grant after final report NORDIC ENVIRONMENT FINANCE CORPORATION NEFCO Who can apply for funding?
• Nordic SME 's with fewer than 500 employees and less than EUR 100 million in turnover • Commercially proven products or services • Financially viable and clearly defined projects • Aim to establish a business in the target country with staff (subsidiary, Joint Venture, sales company or similar investment) • The project contributes to Nordic interest via jobs and export • Positive environmental impact NORDIC ENVIRONMENT FINANCE CORPORATION NEFCO 26.10.2017 Contributing to the global green transition • Promoting economic growth while reducing pollution and greenhouse gas emissions, minimising waste and inefficient use of natural resources, and maintaining biodiversity Energy and material efficiency Renewable energy Infrastructure and Grids Building technology Recycling and Waste management Water treatment Air and ventilation technology Environmental Control and monitoring Sustainable aquaculture and fishery Materials handling and Logistics Intelligent Systems and Green ICT Response and Safety Technology • Projects should contribute to Agenda 2030 and UN's Sustainable Development Goals NORDIC ENVIRONMENT FINANCE CORPORATION NEFCO6.9.2017 Nopefs project activity in Iceland 11 • Approved funding for 71 Icelandic companies in total • Currently 6 ongoing projects from Iceland • Key project countries: USA, China, Russia NORDIC ENVIRONMENT FINANCE CORPORATION • Climeon AB, a provider of heat power technology based in Sweden • Generates electricity from waste heat and geothermal heat at low temperatures • Pilot project located in Flúðir, Iceland • Nopef grant for a feasibility study 2017 • Climeon, through its investment arm Baseload Capital, has received financing from NEFCO to accelerate expansion 12 NORDIC ENVIRONMENT FINANCE CORPORATION CASE: Heat power technology to Asian markets CASE: Off-grid solar power solutions in Africa NORDIC ENVIRONMENT FINANCE CORPORATION ● Kube Energy AS is a provider of off-grid solar power solutions to development and humanitarian organisations ● Offers solar energy leasing solutions,
 as an sustainable alternative to diesel generators ● In 2017 Kube Energy started a feasibility study in South Sudan supported by Nopef ● Kube Energy has established operations in South Sudan and implemented the first pilot with the United Nations CASE: Creating new clothes from textile waste in India • Pure Waste Textiles Oy is a manufacturer of clothes, using 100% recycled materials.
• Uses waste from the garment industry as its raw material that is spinned into new yarn – creating fabrics without the need of dyeing • Results in savings of up to 2,700 litres of water / produced t-shirt • In 2018 PWT established a subsidiary in India, as a result of a Nopef funded project.
NORDIC ENVIRONMENT FINANCE CORPORATION ● Logiwaste AB provides automated waste collection solutions ● The system consist of a pipelines with waste disposal inlets and a terminal where the waste gets transported by vacuum, stored and transported for waste processing ● Has established a subsidiary company with employees in Beijing, with local support from Business Sweden CASE: NORDIC ENVIRONMENT FINANCE CORPORATION Automated waste collection solutions to China NEFCO 20.9.2017 ● Cold A/S develops modular reusable flood barrier systems ● The solution uses water to fill the barriers, and can be adapted to the surroundings in need of protection from flood water ● Nopef funding granted in 2016 ● Cold has established operations for sale and service in Vietnam ● Continues to develop its activities in the country through a pilot project supported by Nordic Climate Facility.
CASE: Flood prevention barriers to Vietnam NORDIC ENVIRONMENT FINANCE CORPORATION Nopefs application process ● Ongoing applications process with 8 application dates per year ● 25 October 2019 ● 29 November 2019 ● Applications evaluated 8-10 timer per year ● The application process takes 5-6 weeks typically ● Forms and guidelines available at www.nopef.com ● Contact us by phone, email or online contact form to discuss your project!

Application dialogue with Nopef contact Evaluation Appr.
5-6 weeks Feasibility study Typcially 1-2 years Final report Funds converted to grant NORDIC ENVIRONMENT FINANCE CORPORATION NEFCO Thank you!

Please contact us for more information: Mikael Reims, Senior Manager, Head of Nopef mikael.reims@nefco.fi +(358) 50 566 66 18 www.nopef.com NORDIC ENVIRONMENT FINANCE CORPORATION