Korkia secures EUR 10.7 million to support renewable energy growth
Korkia has secured EUR 10.7 million in new financing, including a EUR 5 million loan facility from Nefco and a EUR 5.7 million bond issue, to support its international renewable energy projects.
Korkia has secured EUR 10.7 million in new financing, a move set to bolster the company's international investment portfolio in renewable energy projects.
The financing package comprises a EUR 5 million loan facility from Nefco, the Nordic Green Bank, and a EUR 5.7 million bond issue. The Nefco loan is partially guaranteed by the European Investment Fund (EIF) under the InvestEU programme.
This funding strengthens Korkia's financial foundation, supporting the continued development and expansion of its business operations. The company aims to grow its portfolio within the renewable energy sector.
The investment stems from Nefco's growth fund, which targets green and sustainable projects outside the Nordic region. Korkia's projects focus on renewable energy generation and infrastructure.
The financing represents a significant step in Korkia's strategic growth, enabling the initiation of new projects and the expansion of existing ones internationally.