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EIF-backed Nordea targets clean energy initiatives in Finland (impact-investor.com)

submitted 1 week ago by alyaza to c/finance

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Finnish companies could receive loans totalling up to €437m to boost green energy initiatives and support for digitalisation under an agreement where the European Investment Fund (EIF) will provide guarantees to back lending by Helsinki-based financial services provider Nordea.

The loans to Finnish small and medium-sized enterprises (SMEs) and small mid-caps would support green and sustainable investments, including solar panels, electric cars, energy efficiency, and the adoption of digital technologies. These loans could range anywhere from €100,000 to €7.5m, depending on the types of investment involved, a Nordea spokesperson told Impact Investor.

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