8 posts found.
Selected Category: Climate
Finnfund invests 8 million US dollars in Menengai Geothermal Project in Kenya
Finnfund is one of the investors financing a geothermal project in Nakuru County, Kenya. Globeleq, the leading private power company in Africa, has signed financing agreements with the African Development Bank (AfDB), Finnfund and the Eastern and Southern African Trade & Development Bank (TDB) with regard to the US$72 million debt funding for the 35MW Menengai […]
Read moreDecember 15, 2022
OP Finnfund Global Impact Fund I invests in d.light to provide energy access to millions of people
OP Finnfund Global Impact Fund I’s equity funding will enable d.light to provide energy access to millions of people living without reliable energy access OP Finnfund Global Impact Fund I makes a 7 million US dollar equity investment in d.light, a leading innovator of solar energy products. This latest funding will enable expansion of the […]
Read moreMarch 14, 2022
Learning to understand (and manage) climate risks
Floods, typhoons and tornados, forest fires, drought, and extreme heat. Extreme weather conditions have become part of our daily news. As the drastic effects of climate change become more evident, financiers, such as Finnfund, must learn to understand and live with the risks. Understanding the climate risks is particularly important because nearly all our portfolio […]
Read moreDecember 15, 2021
Collaborating to accelerate investment in climate adaptation and resilience
New multimillion dollar commitments and strategic collaborative actions to overcome key hurdles to private investment in climate adaptation and resilience in developing and emerging countries. The group of development finance institutions signatories and partners members to the Adaptation & Resilience Investors Collaborative (the “Collaborative”) today committed to substantially increase investments in climate adaptation and resilience […]
Read moreNovember 8, 2021
Finnfund is one of the founding members of the Forest Investor Club launched at COP26
At COP26 during the World Leaders Summit’s Forest Day session on November 2, 2021, the United States launched the Forest Investor Club. This network of leading public and private financial institutions and other investors aims to unlock and scale up investments that support sustainable, climate-aligned outcomes in the land sector. These financial institutions and Network […]
Read moreNovember 2, 2021
New statement on climate and energy will guide Finnfund’s climate actions
Finnfund has adopted a new statement on climate and energy. With this statement, Finnfund expresses its commitment to the objectives of the Paris Agreement and explains what this commitment means in practice for its portfolio management, investment process and measuring of the portfolio’s carbon footprint. Finnfund strives to take the lead among development financiers in […]
Read moreJune 30, 2021
New open-access FRESCOS Tool launched for accounting the carbon sequestration in forestry projects
Four European development finance institutions (DFI) – CDC Group (UK), Finnfund (Finland), FMO (Netherlands), and Swedfund (Sweden) – together with Simosol, an IT company, have today launched the FRESCOS Tool, a web-based, open-access tool to account for the carbon sequestration of afforestation and reforestation projects. The overall goal of the FRESCOS Tool is to better […]
Read moreJune 29, 2021
Beyond avoided emissions, DFIs seek carbon removals
For quite some time, it has been acknowledged that global CO2 emissions need to be reduced to avoid the catastrophic effects of climate change. Today, many companies, development finance institutions (DFIs) and other investors operating in developing countries are increasingly interested in tracking their CO2 emissions and taking action to reduce them. However, lack of […]
Read moreNovember 12, 2020