18 posts found.
Selected Category: Energy
Finnfund invests in Evolution III to foster the availability of clean energy and climate mitigation in Africa
Finnfund, a Finnish development financier and impact investor, has announced a USD 20 million commitment to Evolution III Fund, a Pan-African equity fund aiming to foster the availability and accessibility of clean energy and increase energy efficiency. Riikka Molander, Associate Director & Head of Funds at Finnfund said: “Our investment in Evolution III Fund marks […]
Read moreMarch 20, 2023
Finnfund sells its shares in Lake Turkana Wind Power to BlackRock
– “Undeniably one of the best wind sites in the world” Finnfund, a Finnish development financier and impact investor, has entered into an agreement to sell its shares in Lake Turkana Wind Power Limited (LTWP) in Kenya, owning and operating the largest wind farm in Africa. Finnfund has been a shareholder in the company ever […]
Read moreMarch 16, 2023
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
Finnfund invests in a solar panel factory in Thailand
Finnish corporation Solar Finland Ltd, a Finnish solar energy corporation, has signed an agreement to establish a joint venture in Thailand. The investment company Solar Finland Investment Ltd has agreed upon establishing a joint venture with an aim to establish a production facility for photovoltaic modules in Thailand. The joint venture, Salo Tech Thailand Ltd, […]
Read moreDecember 1, 2021
Nordic Impact Cooperation, owned by Finnfund and Norsk Solar, makes its first investment in Vietnam
Nordic Impact Cooperation AS (“Nordic Impact Cooperation”), owned by the Finnish Fund for Sustainable Development (“Finnfund”) and Norsk Solar AS (“Norsk Solar”, OSEBX ticker: NSOL) has made its first investment decision into a Norsk Solar-developed solar PV-project in Vietnam. Norsk Solar, a leading and fast-growing independent solar power producer, with a particular focus on the […]
Read moreAugust 20, 2021
Finnfund increases funding to Starsight, a leading C&I solar player in West Africa
Starsight, the leading Commercial and Industrial (“C&I”) solar power provider in West Africa, is delighted to announce that Finnfund and Norfund have increased their senior debt facility from 10 million USD to 20 million USD. The new funding will enable Starsight to continue to deliver its market leading energy-as-a-service hybrid solar solutions to C&I customers […]
Read moreJanuary 14, 2021
Fortum partners with Finnfund to speed up charging infrastructure development and growth in India
To bolster growth for electric vehicles (EV) charging infrastructure in India, Fortum signed an agreement whereby Finnfund, a Finnish development financier and professional impact investor, will invest in a minority share of Fortum’s public charging point operator (CPO), Fortum Charge and Drive India Private Limited (FCDIPL). FCDIPL is a fast-growing e-mobility infrastructure provider, owning more […]
Read moreNovember 9, 2020
El Salvador solar power project produces much more than just megawatts
Part of my job as Finnfund’s Environmental and Social Adviser is to monitor our investments over their entire life cycle. I observe the client’s compliance of critical environmental and social matters and make sure that agreed corrective actions have been implemented. That is why I recently visited our solar power investment in El Salvador. The […]
Read moreDecember 17, 2019
Finnfund’s USD 10 million investment makes telecommunications in Lebanon and Guinea more reliable and energy-efficient
IPT PowerTech Group is an energy solutions provider combining specialized energy-efficient solutions with innovative telecom infrastructure. With financing from Finnfund, DEG, Proparco and European Investment Bank, IPT will modernize the energy supply infrastructure in Lebanon and Guinea. The hybrid solution utilizing solar panels and storage media will save up to 40% of energy and reduce diesel […]
Read moreOctober 9, 2019
Finnfund finances energy efficient solar power solutions in Nigeria’s banking sector
Finnish development financier Finnfund has signed a pioneering 5 million US dollar long-term senior debt financing to Starsight Power Utility Limited group. Starsight offers solar-diesel-battery hybrid generation and efficient cooling and lighting solutions to commercial and industrial clients throughout Nigeria. Starsight’s solution will cut the customer’s use of fossil fuels by up to 70% thanks […]
Read moreJune 10, 2019
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