Finnvera updated the sectoral policies for financing - Finnvera will not finance new coal-fired power plants

In keeping with its new sectoral policies, Finnvera will not participate in financing coal-fired power plants or infrastructure related to them. However, Finnvera’s financing is still compatible with most sectors.

The backdrop to this decision is the OECD countries’ policy to no longer provide export credits for new coal-fired power plants. Finnvera’s policies will also exclude infrastructure, short term export guarantees and domestic financing related to coal-fired power plants.

Finnvera can participate in financing deliveries related to existing coal-fired power plants if their purpose is to reduce pollution and if the power plant's capacity does not increase or its life cycle is not extended.

Finnvera will no longer fund peat power plant projects abroad. In compliance with the legislation governing Finnvera’s operations as well as Finnvera's own credit policy, certain sectors will not be eligible for financing.

Further information:

Sector limitations of Finnvera's financing

Pauli Heikkilä, CEO, Finnvera, tel. +358 29 460 2400

Jussi Haarasilta, Executive Vice President, Large corporates, tel. +359 29 460 2570

Juuso Heinilä, Executive Vice President, SME financing, tel. +358 29 460 2601