In 2022, all Nopef’s operational goals for the year were achieved. During the year, funding was granted for 35 new projects worth EUR 1.3 million. All approved projects contributed to the Nordic Council of Ministers’ action plans for the Nordic Vision 2030, particularly initiatives related to circular economy, sustainable construction and buildings and sustainable ocean economy.
Nopef provides funding for feasibility studies into international establishments and the implementation of commercial pilots and demonstrations of Nordic green solutions. Pilots and demonstration projects continued to see significant demand in 2022 and resulted in nine approved projects, representing 25% of all project financing. The approved projects focus on the demonstration and installation of sustainable and green Nordic solutions in countries such as Brazil, Georgia, India, Indonesia, Kenya and Uganda.
All approved projects have been analysed by Nefco’s environmental and sustainability experts and are expected to provide measurable environmental benefits when implemented. Of the projects approved for funding by Nopef in 2022, 16 (46%) are climate projects aimed at reducing greenhouse gas emissions through increased energy efficiency or renewable energy production. The share of projects focused on solutions for the transition to a circular economy increased during the year to 14, representing 40% of all approved projects.