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3 posts found.

Selected Category: Climate

Finnfund calculated climate effects of its investment portfolio

The development financier Finnfund, has commenced to calculate the climate impact of its entire investment portfolio annually. The calculations show that Finnfund’s investments in forestry sequester more than half a million carbon dioxide equivalent tonnes (tCO2eq) in the atmosphere. With its investments in clean energy, Finnfund avoids emissions in developing countries by 64,000 tCO2eq annually. […]

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Finnfund to finance a power plant to reduce the emissions from a steelworks in Bosnia Herzegovina

Finnish development financier Finnfund has committed 1,8 million euros to a power plant in the city of Zenica, in Bosnia Herzegovina. The power plant will utilize the coke and blast furnace gases from the Arcelor Mittal’s steelworks as fuel and significantly reduce the air emissions of the power production. The plant will replace an old […]

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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 […]

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