NDF - Financing for climate change and development projects

Newsroom: News

Photo: EEP – Energy and Environment Partnership / Southern and East Africa

Recent report captures the renewable energy financing landscape for 15 countries in Southern and East Africa and points the way toward added value for the next phase of the Energy and Environment Partnership (EEP) in the region.

Ensuring universal access to clean energy is at the core of the 2030 Agenda for Sustainable Development.

Photo: NDF

On 17 August, nine Nordic and Finnish financing organisations took part in an NDF event on financing modalities for business in developing countries.

The purpose was to present different financing instruments available to Finnish companies and organisations who intend to do business in developing markets.

Photo: Jagath Navinda, responsAbility

Two new Nordic equity investments will support African countries to increase their clean energy production. The Nordic Development Fund and Norfund have approved a total of USD 19 million of equity investments in responsAbility Renewable Energy Holding (rAREH). Other investors in rAREH are Germany’s KfW and Switzerland’s responsAbility.

responsAbility Renewable Energy Holding (rAREH) aims to increase the renewable energy supply in Sub-Saharan Africa in a responsible way while generating attractive, long-term and stable cash flow

Photo: Daniel Roca

Climate change does not affect everyone equally. Poor and disadvantaged groups of people often suffer the most, and women in particular are vulnerable and struggle to adapt.

Photo: NDF

A Nordic Development Fund (NDF) grant will support a new fund to help African cities plan climate-resilient urban infrastructure development

NDF’s Board of Directors has approved an EUR 4 million grant for the Urban & Municipal Development Fund for Africa (UMDF), a project preparatory fund to be established by the African Development Bank (AfDB).


The successful green finance conference held in Nairobi on 21 June raised interest also among the media on green finance.

Photo: Daniel Roca

In the Cambodian countryside, NDF- and ADB-funded paved roads and water reservoirs carry a multitude of benefits for communities.

A series of rural roads and water reservoirs built across Cambodia have brought new strength to communities struggling to fight extreme weather conditions caused by climate change.

Photo: NDF

NDF’s Board has approved a EUR 0.5 million grant for the Kikuletwa Power Station and Hydropower Training Centre in Tanzania.

Only 24 percent of households in Tanzania have access to electricity. The problem is especially severe in northern Tanzania, where Kikuletwa River is situated. While Tanzania has significant hydropower potential, most is yet to be developed.


The 2016 Annual Review for the Nordic Climate Facility's calls 1 to 4 has been published.

The Annual Review covers calls 1-4, which are administered by NEFCO. At the end of 2016, 36 out of 51 NCF1-4 projects were fully completed.


Nairobi, Kenya, 21st June 2017: Access to finance for SMEs is the answer to growing a green and economically sustainable future for Africa.

In a continent where Green Finance has been unreachable for numerous SMEs, the conversation on the opportunities in the region could not have come at a better time.

Photo: Basanta Gautam, Arbonaut

A Nordic Climate Facility (NCF) project in Nepal is helping women identify and test alternative income streams.

In Nepalgunj Sub-Metropolitan City, one of Nepal’s fastest growing cities, changes in rainfall pattern is seriously affecting people’s livelihood.

Low-income neighbourhoods such as this one in Addis Ababa are hot-spots for vector borne diseases that will increase due to climate change

The World Bank has been building up valuable practical knowhow on the emerging issue of linkages between climate change and health, thanks to a recently completed three-year project largely financed by NDF.

The project particularly focused on risks and opportunities in Africa, with Mozambique chosen for country-level work on diagnostics.


The African Guarantee Fund (AGF), the International Trade Centre (ITC) and the Nordic Development Fund (NDF) are organising a Green Finance Conference on 21 June in Nairobi, Kenya.

AGF and ITC, with funding from NDF, have partnered to expand access to climate-focused finance for small and medium-sized enterprises (SMEs) in Africa.


NDF co-hosted today Mr Takehiko Nakao, President of the Asian Development Bank, during his tour covering Finland and other European countries.

Photo: Walt Ratterman, Sunepi via https://flic.kr/p/8SiGon

EUR 7.5 million in equity and grant financing from NDF will help the responsAbility Renewable Energy Holding Company bring financial resources and expertise to clean energy projects in Africa.

The private equity fund responsAbility Renewable Energy Holding Company (rAREH) will receive EUR 7.0 million (approx. USD 7.8 million) in shareholder equity and EUR 0.5 million (approx. USD 0.6 million) in grant financing from NDF.

Photo: Gaia

The NCF-co-financed project “Clean Energy Promotion through Microfinance in Ethiopia” has won the National Energy Globe Award Ethiopia.

This award is the second to be won by the project, which was also given the 2016 Best Climate Practices Award by the International Center for Climate Governance.

Photo: Chris Morgan

The NDF project “Climate Smart Solutions for Small-scale Water and Energy Supply” has provided an innovative solution to Tanzania’s rural water supply challenge.

Through solar-powered water pumps, the project has brought tap water to communities in rural Tanzania, saving time, money and health problems resulting from unclean water consumption.


Two new NDF publications are now available online, including recent institutional and operational highlights.

During 2016, nine NDF-backed climate-related projects reached completion.

From left: Ms. Christina Harttila, Ambassador; Mr. Mehdi Khouili, AUC; Dr Abou-Zeid, Commissioner, AUC; Mr. Pasi Hellman, Managing Director, NDF; Dr. Martti Eirola, Senior Advisor, MFA Finland; Ms. Leena Klossner, Vice President, NDF; and Mr. Aage Jorgensen, Country Program manager, NDF.

1 June - NDF hosted Dr. Abou-Zeid, Commissioner for Infrastructure, Energy, ICT and Tourism at the African Union Commission for discussions on climate change, energy and infrastructure initiatives in Africa.

The Energy and Infrastructure Commissioner, Dr Amani Abou-Zeid, from the African Union Commission in Addis Ababa visited NDF on 1 June together with representatives of the Finnish Ministry of foreign Affairs.


NDF and AfDB: 25 years of collaboration and co-financing, and the partnership now stronger than ever

The annual meeting of the African Development Bank (AfDB), held in Ahmedabad, India, from 22 to 25 May, was also an occasion for NDF and AfDB to recognise their 25 year long history of collaboration in co-financing.