Climate and Environmental Loan

A Climate and Environmental Loan can be granted, for example, for investments in:

• Renewable energy: solar energy, marine energy, wind power, geothermal heating, renewable energy transmission and distribution solutions, energy storage solutions, manufacture of renewable energy products
• (Commercial) buildings with green and energy efficiency certification: renovation and construction of commercial buildings
• Improving the energy efficiency of the industrial sector
• Zero- and low-emission mobility: infrastructure
• Green ICT investments and solutions for mitigating climate change and enabling circular economy business models.
• Waste prevention, recycling and waste reduction, collection and recovery.
• Investments that enable resource savings through reuse, repair, refurbishment, remanufacturing or recycling.
• The Climate and Environmental Loan is also suited for companies that are already operating in a sustainable manner as indicated by, for example, the EU Sustainability Award; earlier EU  subsidies for sustainable operations; ecolabelled business or environmentally certified company; clean energy/climate-related intellectual property rights; sustainable or green business/supply chain; green business model and impacts; reuse and sharing models that enable circular economy strategies; investments related to environmental impacts and sustainable management of natural resources (water resources, pollution prevention and management)

Read more about the sectoral restrictions of the InvestEU terms and conditions (pdf) and the measures that fall outside the scope of application.

In addition, in line with Finnvera's credit policy, certain sectors are ineligible for Finnvera's financing. Further information on sectoral restrictions in Finnvera's financing

The loan amount is EUR 150,000–2,000,000 per financing project.

The loan has a 60% guarantee from the European Investment Fund (EIF). Otherwise, the loan does not require collateral.

The loan will be available for two years from the launch date of 1 June 2023 or for as long as Finnvera has a quota denominated in euro for the EIF guarantee.

The loan period is from 12 months to 10 years.

The advantages provided by the European Investment Fund (EIF) guarantee are taken into account in the loan margin as a reduced price. The pricing is risk-based. The customer-specific margin is set during the credit negotiations.

The loan primarily accumulates de minimis aid. Read more about de minimis aid

In the loan application, the applicant must report any other aid or support granted at the same time. If this aid or support is not reported and the project contains other public aid or support, the client may be denied such aid/support in connection with payment. Aid and support are granted by such organisations as Centres for Economic Development, Transport and the Environment, Business Finland and municipalities.

In addition, the applicant must also be prepared to report to Finnvera any other InvestEU funding received when applying for the loan, if necessary.