4 posts found.
Year selected: 2017
Finnfund to finance the largest wind farm in Serbia
Finnfund, together with Taaleri Aurinkotuuli, a Finnish investment fund, has made an investment in Cibuk 1 wind farm, located in Vojvodina, Northern Serbia. The 158 MW wind farm will consist of 57 GE turbines, and once operational, can produce up to 475 GWh of power per year. The wind farm is expected to reach full […]
Read moreNovember 29, 2017
Finnfund to invest with an IFC-led consortium to support the world’s largest solar park in Egypt
Finnfund, a Finnish development finance company, participates in financing the construction of 13 solar power plants in southern Egypt, near the city of Aswan. The plants will be part of the larger Benban Solar Park, which, once complete, will be the largest solar installation in the world. Finnfund’s investment amounts to a total of USD […]
Read moreNovember 13, 2017
Finnfund’s initial reaction to the Gaipe Report
On 6 July 2017, FMO and Finnfund finalized their exit from the Agua Zarca project in Honduras. Following the murder of Berta Cáceres, a well-respected human rights activist, FMO and Finnfund publicly expressed the deepest sorrow at her violent death. We have called upon the Honduran authorities for a thorough investigation and continue this call […]
Read moreNovember 2, 2017
Finnfund invests in financial services technology platform Jumo
Finnfund, a Finnish development finance company, has made an investment in Jumo, a financial services platform providing mobile financial services in emerging markets. JUMO is a multi-sided platform for Mobile Network Operators and Financial Service Providers. To date, JUMO has served over 5 million people in Africa and Asia using behavioural data from mobile usage. […]
Read moreNovember 1, 2017