The Nordic sustainable Blue Economy study
The Nordic sustainable Blue Economy study
Last update: Aug 18, 2026
Last update: Aug 18, 2026
The Nordic sustainable Blue Economy study

Details

Location:
Aland Islands, Denmark, Faroe Is ...
Aland Islands, Denmark, Faroe Islands, Finland, Greenland, Iceland, Norway, Sweden
Category:
Consulting services
Status:
Awarded
Sectors:
Standards & Certification, Fisheries & Aquaculture
Languages:
English
Eligibility:
Organisation
Budget:
EUR 60,000
Date posted:
Feb 27, 2026

Attachments 2

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Commission a consulting study to analyse the Nordic sustainable Blue Economy and identify hig...
Eligible applicants are consulting firms/consultants (including networks with subcontractors) able to deliver a 4–5 month study starting May/June 2026, within a maximum budget of EUR 60,000 (excl. ...
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Description

The Nordic sustainable Blue Economy study

As a pioneer in green financing, Nefco only finances projects that generate positive environmental and/or climate-related impacts. Nefco believes that all finance can and should be green, for good.

Nefco is commissioning a study to analyse the Nordic sustainable Blue Economy and to identify high-impact solutions aligned with its environmental mandate. The study will focus on nature-positive and climate-smart solutions that address key marine and coastal challenges while supporting the transition to sustainable, low-carbon ocean industries. Building on existing Nordic analyses, such as The Nordic Ocean Opportunity and Nordic Oceans 2050, the study will narrow the scope to sustainable subsectors with strong potential for scalability and environmental impact.

The main focus of the study is to map and evaluate existing and potential companies and solutions across all Nordic countries (Finland including Åland, Sweden, Norway, Denmark including the Faroe Islands and Greenland, and Iceland). The study will identify promising, primarily small and medium sized enterprises (SMEs) and technologies across different stages of maturity. In addition, the study will include a limited review of relevant Blue Economy funding schemes and best practices in the Nordic region.

The findings will support Nefco’s strategic prioritisation of investments in the Nordic Blue Economy.

 

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Funding agency:
GIZ
Status:
awarded
Location:
Afghanistan, Aland Islands, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Azores, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Brazil, British Virgin Islands, Brunei, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Canada, Canary Islands, Cape Verde, Cayman Islands, Central African Republic, Chad, Channel Islands, Chile, China, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote d'Ivoire, Croatia, Cuba, Cyprus, Czech Republic, Dem. Rep. Congo, Denmark, Djibouti, Dominica, Commonwealth of, Dominican Republic, Easter Island, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Eswatini (Swaziland), Ethiopia, Falkland Islands, Faroe Islands, Fiji, Finland, France, French Guiana, French Polynesia, French Southern Territory, Gabon, Galapagos, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg, Macao, Madagascar, Madeira, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Myanmar, Namibia, Nauru, Nepal, Netherlands, Caribbean Netherlands, New Caledonia, New Zealand, Nicaragua, Niger, Nigeria, Niue, Norfolk Island, North Korea, North Macedonia, Northern Mariana Islands, Norway, Oman, Pakistan, Palau, Palestine / West Bank & Gaza, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Vincent and the Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Korea, South Sudan, Spain, Sri Lanka, St. Pierre and Miquelon, Sudan, Suriname, Svalbard, Sweden, Switzerland, Syria, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Türkiye, Turkmenistan, Turks and Caicos, Tuvalu, UAE, UK, US Virgin Islands, USA, Uganda, Ukraine, Uruguay, Uzbekistan, Vanuatu, Vatican City, Venezuela, Vietnam, Wallis and Futuna, Western Sahara, Yemen, Zambia, Zimbabwe
tender Background

About the Funding Agency

The Nordic Environment Finance Corporation (NEFCO) is an International Financial Institution established by the Nordic Governments in 1990. NEFCO provides results-based green financing. 

NEFCO was created – after the collapse of the Soviet Union – in order to support the Nordic countries’ efforts to increase environmental awareness in Eastern and Central Europe by providing financing to projects that reduced emissions harmful to the environment. The reasoning was that it made more sense – financially speaking – to support new investments in line with the environmental priorities of the Nordic countries in Eastern Europe – adjacent to the Baltic Sea – compared with the rising marginal cost of introducing increasingly stringent requirements at home, since pollutants do not recognise national borders. Cost-efficiency remains a hallmark of NEFCO’s activities.

 

About the Sectors

Standards & Certification

Focuses on establishing and applying standards to ensure consistent quality, safety, and compliance across products, services, and organizations.


Key areas:
  • Standardization and quality regulations
  • ISO-aligned systems and compliance frameworks
  • Consumer protection and regulatory conformity
  • Certification and conformity assessment services

Fisheries & Aquaculture

Encompasses the harvesting, farming, and management of fish and other aquatic organisms for commercial, subsistence, or conservation purposes.


Key areas:
  • Capture fisheries and fishing activities
  • Aquaculture and aquatic farming systems
  • Sustainable management of aquatic resources

Locations

Aland Islands

The Åland Islands prioritize port modernization, ferry connections, renewable energy, and digital infrastructure to support trade, tourism, and regional connectivity. As an autonomous region of Finland, financing is provided through national budgets and EU structural funds. Geographic isolation and maritime transport requirements heavily influence infrastructure planning. Climate adaptation, energy sustainability, and connectivity remain central priorities for long-term development.

Nr. of tenders: 1068
Nr. of grants: 877
Nr. of donors: 169
Nr. of jobs: 27

Denmark

Denmark maintains advanced transport, energy, and digital infrastructure with a strong emphasis on sustainability and green transition. Major investments focus on offshore wind, district heating systems, smart grids, and low-emission transport networks. Infrastructure financing is supported by strong public finances and private sector participation. Climate neutrality targets and innovation-driven policies guide long-term infrastructure planning.

Nr. of tenders: 11700
Nr. of grants: 16372
Nr. of donors: 559
Nr. of jobs: 36
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