The agreement will accelerate access to clean water and reduce CO2 emissions for customers and users.
Grundfos and EKF Denmark’s Export Credit Agency have entered into an agreement enabling the former to finance projects globally for private commercial and public customers with limited funds available.
A first of its kind in the pump solutions industry, the agreement aims to create opportunities for Grundfos to finance projects that will further access to water and optimise the use of water resources. Moreover, it can help Grundfos customers meet their ambitions for reduced carbon emissions.
Mikael Geday, CFO of Grundfos, commented: “The agreement accelerates the process of equipping customers and end-users with solutions that reduce CO2 emissions, and provides access to clean water to vulnerable areas.”
Under the agreement, private commercial and public customers of Grundfos can receive financing on projects through Grundfos. EKF will provide Grundfos with a credit guarantee covering 50% of the credit exposure significantly reducing the risk in financing such projects.
Peder Lundquist, CEO of EKF Denmark’s Export Credit Agency, concluded: “We are thrilled that in collaboration with Grundfos, we have established an entirely new approach which will make it easier for Grundfos’ worldwide customers to obtain financing for the purchase of new pump and water solutions as well as helping the company reduce the risk involved. This is an example of EKF’s pragmatic contribution to the global green transition.”