Korkia secures €5m to advance renewable energy projects
Deal News | Dec 16, 2024 | Nordic Environment Finance Cor
Nefco, the Nordic Environment Finance Corporation, is providing a €5 million loan to Korkia, a Finnish company, to support its expansion in the renewable energy and energy storage sectors. This funding will be directed towards the development of planned projects by Korkia, broadening its operational scope within the sphere of green energy. Nefco's involvement exemplifies the continued investment in sustainable initiatives, promoting environmental and economic benefits in Finland.
Sectors
- Renewable Energy
- Energy Storage
- Green Finance
Geography
- Finland – The country where Korkia is based and where the renewable energy projects will be developed.
- Nordic Region – Nordic Environment Finance Corporation (Nefco) operates within this region, providing financial backing for sustainable projects.
Industry
- Renewable Energy – This industry focuses on energy generation from renewable sources, such as wind and solar power. Relevant due to Korkia's project development in this field.
- Energy Storage – Involves the capture of energy produced at one time for use at a later date. Relevant as Korkia expands its operations in this sector.
- Green Finance – Financial services supporting environmental initiatives, significant because Nefco is providing funding aimed at sustainable energy projects.
Financials
- €5 million – The loan amount provided by Nefco to Korkia for the development of renewable energy projects.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Korkia | Target Company | Company | A Finnish company focusing on renewable energy and energy storage projects. |
| Nordic Environment Finance Corporation (Nefco) | Funding Provider | Company | A financial institution providing investments for environmental projects, backing Korkia's expansion with a loan. |