Project portfolio
At the end of 2024, Nopef’s portfolio consisted of 126 conditional loans, amounting to EUR 4.8 million. This represents an increase from last year’s figures of 111 conditional loans, worth EUR 4.1 million.
With projects across 34 countries, Nopef’s portfolio exemplifies its global presence. The USA is the most represented target country, with 29 active projects, followed by India, with 19 projects. Other countries with multiple Nopef projects include Brazil (8 projects), China (6 projects), Canada (6 projects), the UK (5 projects) and Kenya (5 projects).
Nopef’s portfolio spans
34
countries, with
126
internationalisation projects
Nopef project portfolio 2021-2024
Nopef’s portfolio consists
of 126 conditional loans,
amounting to EUR 4.8 m
of 126 conditional loans,
amounting to EUR 4.8 m
What is a conditional loan? |
Funding from Nopef is provided as a conditional loan that is converted into a grant fully or partially when the project has ended. If the project results in an international establishment, the disbursed conditional loan is fully converted into a grant. If the project does not result in an international establishment, the applicant company can receive up to half of the maximum funding amount as a grant. |
What is a conditional loan? |
Funding from Nopef is provided as a conditional loan that is converted into a grant fully or partially when the project has ended. If the project results in an international establishment, the disbursed conditional loan is fully converted into a grant. If the project does not result in an international establishment, the applicant company can receive up to half of the maximum funding amount as a grant. |
Summary of Nopef portfolio | ||
 126internationalisation projects |  EUR 4.8mworth of conditional loans |  34project countries |
Active projects per Nordic Vision priority area
The diverse range of projects in the portfolio encompasses international establishment projects as well as pilot and demonstration projects that focus on innovative solutions in key areas such as circular and sustainable business models (51 projects); sustainable ocean economy (19 projects); digitalisation, AI and data (18 projects) and sustainable construction (11 projects).
Nopef projects focus
on innovative and
sustainable solutions
on innovative and
sustainable solutions
Active projects and the Nordic Vision
Enabling sustainable energy access in the Kenyan healthcare sector
Differ AS, a Norwegian renewable energy firm, is transforming Kenya’s healthcare sector with its innovative pay-as-you-go solar model. This approach enhances energy security and significantly reduces CO₂ emissions, offering both social and environmental benefits. Differ’s initiative aligns with its mission to implement distributed energy solutions in healthcare and educational facilities across Africa and Asia. “Electrifying healthcare facilities and schools has been a core objective for us for a number of years,” says Tom Erichsen, CEO of Differ. The feasibility study, supported by Nopef, was instrumental in assessing financial viability, customer commitment and regulatory suitability with regard to the ‘energy-as-a-service’ model in Kenya. This research revealed strong interest from healthcare facilities in adopting cleaner energy solutions to reduce costs and improve energy security, guiding Differ’s market entry and operational strategies.
