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Nordic Development Fund

Climate Fund
Finland
iSustain score 86Demanding· 6–12 months

Nordic climate finance institution providing concessional finance for adaptation and mitigation.

Geographic focus

Latin America & Caribbean
Pan-African
South Asia
Southeast Asia
Sub-Saharan Africa

Sector appetite

Climate Adaptation
Clean Energy
Resilient Cities

Finance instruments

Grants
Concessional Debt

Project stages

Concept
Feasibility
Construction

Typical ticket size

$1m – $15m

Readiness requirements

Co-financing partner required

Partnership preferences

Always co-finances with MDBs and DFIs

Contact

info@ndf.int

iSustain relevance score

  • Regional focus & relevance30/30
  • Access & contactability25/25
  • Financing programmes & instruments — 1 open or rolling8/15
  • Instrument breadth8/15
  • Data freshness15/15

Weighted 0–100: Africa focus 30, access & contactability 25, live windows 15, instrument breadth 15, data freshness 15.

Access difficulty

Demanding· 6–12 months

Access via an accredited or implementing entity; published application route.

  • Counterparty requirement — Accredited / implementing entity required4/5
  • Application process — Published application route0/3
  • Ticket floor — Minimum ticket $1m+1/3
  • Readiness burden — 0 readiness requirements identified0/2
  • Internal approval process — Board / institutional approval cycles2/2

A rating of how hard this capital is to reach — not a prediction of whether an application will succeed. Built from the counterparty required, the published application route, the minimum ticket, the readiness evidence expected and the internal approval process.

Instruments & programmes

What a client can actually approach this organisation for, and how access works.

NDF Climate Grants & Concessional Loans

Grant Window
Grants
Open

Climate finance for adaptation and mitigation in low-income countries, usually co-financed with other IFIs.

Access route

Via accredited entity

Ticket size

$500k – $10m — €0.5m–€10m

Geographic focus

Latin America & Caribbean
South Asia
Sub-Saharan Africa
Southeast Asia
Pan-African

Sector focus

Climate Adaptation
Renewable Energy
Water

Project stages

Development
Construction

Eligibility

Projects co-financed with an IFI partner.

How to access

Approach NDF via a partner IFI.

NDF Co-financing Window

Programme Window
Grants
Rolling

NDF's core window providing climate grants and concessional finance that de-risk and improve the climate ambition of MDB-financed operations in low-income countries.

Access route

Access through an MDB or accredited co-financing partner

Ticket size

$500k – $15m — Grants and concessional finance of €2m–€10m alongside an MDB

Geographic focus

South Asia
Southeast Asia
East Asia
Central Asia
Middle East
Latin America & Caribbean
Pacific Islands
Eastern Europe
Sub-Saharan Africa
Pan-African

Sector focus

Climate Adaptation
Renewable Energy
Water
Agriculture

Project stages

Concept
Feasibility
Development

Eligibility

Projects in low-income countries with an MDB or bilateral partner leading the transaction.

How to access

The co-financing partner submits the concept to NDF; direct applications are not accepted.

Related capital sources

Other funders with an overlapping mandate.

Browse by theme in the finance guides.

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