Financing the green transition with EIFO

The Export and Investment Fund of Denmark (EIFO) has a particular focus on facilitating the green transition, and we provide financing for projects globally.

Photo: Shutterstock

Look to Denmark for strong partners in the green transition. Danish companies are renowned for their world-class technology and know-how within wind energy, PTX and the entire value chain around renewable energy. Combined with long-term financing and risk sharing from EIFO, a state-owned and AAA-rated financial institution with a global perspective, Denmark paves the way for those who dare to think bigger.

World-leading Danish wind cluster

Denmark hosts the headquarters of the world's two biggest producers of wind turbines, Vestas Wind Systems and Siemens Gamesa Renewable Energy, as well as a multitude of subsuppliers and R&D activities. This is the result of a decades-long strategy from both the Danish public and private sector.

New green technologies

While continuing to develop and strengthen the wind sector, Denmark and Danish companies are now using the position in wind energy as a platform to establish a similar position in new green technologies. This is especially true for the rapid development and scaling of technologies within PtX, CCUS and energy efficiency.

A multitude of suppliers

Unrivalled Danish technology and know-how

Through a range of large well-known companies, Denmark supplies, among other things, wind turbines, supportive industrial logistic, power-to-X plants, energy efficiency equipment etc. See a selection of these companies on the left.

Adding to this, Denmark hosts several leading project developers and hundreds of highly specialised SMEs that provide pivotal components for the green transition.

EIFO - your partner in the green transition

EIFO is one of the world’s most experienced financial partners in wind financing and the world’s leading export credit agency in the field.

Huge portfolio

Co-financed 200 wind projects

Over the past two decades, EIFO has co-financed 200 wind projects with a total contract value worth approximately EUR 22bn in projects spanning from Canada to New Zealand. This amounts to almost 40 GW wind capacity, equally divided between onshore and offshore projects. EIFO has been involved in financing of more than 30% of the total installed offshore capacity in the world (excluding China), including the largest wind farms in the North Sea and Taiwan.

EIFO is ready to finance new green technology projects globally with partners from all over the world as we have done within wind energy. The world needs to decarbonize through renewable energy, energy efficiency, and alternative fuels and chemicals for hard-to-abate sectors.

EIFO has the mandate, the tools, and the creative experience to support transitional projects around the world.

— Werner Grub, Head of Origination

EIFO is already financing new endeavors for Danish companies in these fields. In March 2023, for instance, EIFO provided a guarantee worth almost $50 million to cover the construction of a new Topsoe facility. The Denmark-based company will use the plant to manufacture its state-of-the art electrolysers for hydrogen production.

Photo: Dynelectro

EIFO is also investing in some of the many exciting power-to-x startups in Denmark, including HPNow, which has developed an electrochemical technology for the sustainable generation of hydrogen peroxide, and Blue World Technologies that is manufacturing methanol fuel cells to decarbonize shipping. Dynelectro, which offers a unique method of extending life expectancy of solid oxide electrolysis (SOE), is another example.

We have a lot to offer our international clients

AAA-rating

EIFO’s guarantees come with an inherent AAA rating, hereby significantly helping banks to mitigate risk and create capacity in the market.

Risk appetite

EIFO is willing to take risk in projects, industries and geographies where banks are hesitant and need a risk sharing partner.

Attractive financing

EIFO provides guarantees to banks, thus enabling longer tenors and more capacity.

Vast network

EIFO can draw on a vast national and international network that enables collaboration on financings in different industries and various geographies.

Opening doors

Representing Denmark, EIFO can open doors to stakeholders, who are otherwise difficult to approach.

Inhouse specialists

EIFO has many inhouse specialists within origination/structuring, Legal, ESG, Credit, Industry Analysis and Treasury who manage to find solutions, that can facilitate bankable structures which work for all parties.

Contact

Get in touch with us

Below you can find names and contact information for our various sector teams. Do not hesitate to get in touch with us.

Contact our Head of Origination

Werner Grub, Managing Director, Head of Origination,
M: +(45) 25 55 05 80 - E: weg@eifo.dk

Contact Team Energy

Anna Marie Owie, Senior Vice President, Wind Origination,
M: +(45) 20 18 39 77 - E: amo@eifo.dk

Anders Thorsen, Senior Vice President, PTX, CCUS Origination,
M: +(45) 20 24 06 38 - E: ant@eifo.dk

Patrick Gjelstrup Rosenquist, Senior Vice President, PTX, CCUS Origination, M: +(45) 20 90 74 64 - E: prj@eifo.dk

Line Lundbye, Director, DK Energy, Global Biogas & International Projects
M: +(45) 26 67 02 68 - E: llu@eifo.dk

Contact Team Industries

Jakob Pilegaard Hansen, Senior Vice President, Large Corporates - Denmark, M: +(45) 20 19 45 09 - E: jph@eifo.dk

Anders Vium Gjelfort, Senior Vice President, Large Corporates - International Projects, M: +(45) 20 18 39 72 - E: avg@eifo.dk

Contact our regional offices Americas and Asia & Pacific

Jørgen Kragh, Head of Origination Americas,
M: +(45) 20 19 45 14 - E: jkra@eifo.dk

Jørgen Bollesen, Head of Origination, Asia & Pacific,
M: +(45) 20 19 45 08 - E: jbo@eifo.dk

Decarbonizing supply chains and scope 3 emissions

If you are striving towards reducing the greenhouse gas emissions from your production, EIFO might be able to support you in doing so with competitive financing and without a direct Danish export angle. We do, however, require that a Danish company is client of yours as supporting the decarbonization of your production will also help a Danish company to reduce their scope 3 emissions. Get in touch with our Team Industries to learn more (find contact info above).

News · 05 December 2023