Other regions

Nefco is financing and implementing pioneering projects around the globe that support ambitious climate action, a healthier Baltic Sea and sustainable development in Sub-Saharan Africa.

Clean energy access in Africa

Solar home system for indoor lighting in Zambia

The Beyond the Grid Fund for Africa (BGFA) is bringing clean and affordable off-grid energy solutions to millions of people in Sub-Saharan Africa.

Read more about the BGFA programme

Clean cooking solutions in Africa

The trailblazing Modern Cooking Facility for Africa (MCFA) utilises green financing with the aim of scaling access to modern energy cooking solutions for over 3 million people.

Read more about the MCFA programme

Grants for a healthy Baltic Sea

Archipelago in the Baltic Sea

We are helping to improve the ecological wellbeing of the Baltic Sea by financing demonstration projects from both public and private entities.

Read more about the Baltic Sea Action Plan Fund

Nefco and carbon market mechanisms

As an innovator in climate finance, Nefco was an early adopter of project-based carbon market mechanisms. Since 2003, Nefco has established and managed several groundbreaking carbon funds.

Read more about Nefco and carbon markets

Key figures for all programmes

1.44m

energy connections by 2028 (is the goal of the BGFA)

4m

people in Africa with access to clean cooking solutions by 2027

€78m

funds committed at end 2023

82%

of total Special Funds committed at the end of 2023 address energy sector

BGFA in 2023: Over one million lives impacted so far

Female tomato farmer in Kabwe, Zambia, cultivating and irrigating the land with an off-grid solar-powered water pump.

Established clean energy access [through the Beyond the Grid Fund for Africa (BGFA) programme] in 2023 is benefitting 1,500 African businesses and impacting a total of 1.2 million lives across five Sub-Saharan African countries.

Read more

Strong market response to the second funding round of MCFA

Modern Cooking Facility for Africa - Woman in Zambia using a clean cookstove

The Modern Cooking Facility for Africa (MCFA) received very strong interest in its second funding round to support access to and scale-up of high-technology clean cooking solutions in Sub-Saharan African countries. Close to 100 eligible applications across the seven MCFA project countries have passed the initial screening.

Read more

Contact us

Ash Sharma Vice President, Green Transition Special Funds
+358 10 6180 653
ash.sharma@nefco.int
English, Spanish, French

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