nordic environment finance corporation nefco l.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Nordic Environment Finance Corporation (NEFCO) PowerPoint Presentation
Download Presentation
Nordic Environment Finance Corporation (NEFCO)

Loading in 2 Seconds...

play fullscreen
1 / 12

Nordic Environment Finance Corporation (NEFCO) - PowerPoint PPT Presentation


  • 169 Views
  • Uploaded on

Nordic Environment Finance Corporation (NEFCO) . Green Investments in the Baltic Sea area Helsinki, 30 August 2011 Magnus Rystedt. NEFCO in brief. Geographic mandate. I nternational financial institution established by the Nordic countries

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Nordic Environment Finance Corporation (NEFCO)' - tryna


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.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
nordic environment finance corporation nefco

Nordic Environment Finance Corporation (NEFCO)

Green Investments

in the Baltic Sea area

Helsinki, 30 August 2011

Magnus Rystedt

nefco in brief
NEFCO in brief

Geographic mandate

  • Internationalfinancial institution established by the Nordic countries
  • Loans and equityinvestmentsfor environmentalprojects in Eastern Europe
  • Funds to a total value of EUR 450 million
  • Headquartered in Helsinkiwith 26 employees
  • Locallycontractedconsultants in Russia and Ukraine

Helsinki

nefco in brief 2
NEFCO in brief (2)
  • Morethan 400 projectsapproved
  • Over 50 wastewaterrelatedprojects in the Baltic Sea area.
  • Managingseveraldiffernetfunds. In addition to investment capability this alsoincludes TA funds and CarbonFunds; Testing GroundFacility and NEFCO CarbonFund.

Specificrelevance 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.
results of our work in 2010
Results of our work in 2010:

CO2: 3 milliontonnes

P: 1,251 tonnes

SOx: 8,075 tonnes

= 6.2 million people flying from Helsinki to New York

= untreated wastewater from 1.7 million people

= 1/10 of the total SO2 -emissions in Finland in 2007

slide5

Case: Southwest Wastewater Treatment Plant (SWTP) in St. Petersburg

Before

After

SWTP treats wastewater from 700 000 people in St. Petersburg.

Implemented as a Public Private Partnership (PPP).

Total investment 150 million EUR (PPP Scope). Including associated investment 190 million EUR.

Magnus Rystedt, August 2011

slide6

Case: Promoting renewable energy in the Baltic countries

  • Loans and equity investments for wind farms in Estonia, Latvia and Lithuania
  • Norwegian interest through Vardar
  • NEFCO has been a shareholder since 2005
  • Cooperation partner: Freenergy a private Estonian investment group, EBRD shareholder from 2009

Climate

slide7

Case: Vardar Eurus investment portfolio 264 MW

  • Estonia: 10 windfarms, total capacity 135.4 MW of which 2 parks under construction
  • 2 biogas projects under preparation
  • total annual energy production 24 000 MWh
  • Lithuania: 4 windfarms total capacity 78.9 MW
  • of which 3 parks under construction or preparation
  • Latvia: 1 windfarm of 50 MW capacity under preparation

Climate

slide8

Case: Biogas extraction from old landfill in Kaunas region

  • Owner New Heat (Finnish owners), Lithuania since 2004
  • NEFCO granted subordinated loan
  • Sale of ERUs precondition for viability
  • Emission Reduction Purchase Agreement with TGF – approx.167 000 tonnes of CO2 equivalents
  • Second stage of biogas extraction under preparation

Climate

slide9

Case: Baltic Pork

  • Pig breeding in Latvia
  • Owned by IPI, a Norwegian investment company
  • Investing in biogas production – while doubling production
  • NEFCO joining as shareholder and lender 2010
  • Main environmental benefit
  • 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

Climate

slide10

Case: Rindipol, Poland & Belarus

  • Chojnice plant produces 87,000 and 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
  • 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

Climate

hajnowka
Hajnowka

Chojnice

slide12

Thankyou for yourtime!

Magnus Rystedt │ magnus.rystedt@nefco.fi │ +358 618 003

www.nefco.org