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14 posts found.

Selected Category: Renewable energy

Solar panel production with Finnish know-how in Thailand: local conditions as a starting point for panel design

Solar Finland from Salo in Finland is a pioneer in solar energy. The first solar energy systems supplied by the company were commissioned more than 40 years ago and many of these systems are still operational. These sustainable, high-quality solar panels are now being produced at Salotech Thailand, a joint venture among Solar Finland, Finnfund […]

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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 […]

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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, […]

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Electric mobility is a question of health and it needs investments to develop

Helena Teppana

Earlier this year, I had the pleasure of moderating a panel discussion where investors gathered to discuss the risk profile of investing in charge points. Having worked with investments in developing countries for the past 20 years, it was refreshing to discuss with investors whose focus is elsewhere than the emerging markets. We discovered a […]

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Finnfund first development financier to report carbon net-negative investment portfolio

Finnish development financier and impact investor Finnfund today released data showing that its total investment portfolio has a net negative carbon balance. The figures for 2019 indicate that Finnfund’s investments removed 134,679 tCO2e more than they emitted. In 2019, Finnfund’s investment portfolio was EUR 617 million. “I am extremely proud that we have been able to […]

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Norsk Solar and Finnfund establish unique financing platform for impact investing in developing countries

Norsk Solar AS (NSOL, OSE: NSOL), a fully integrated independent solar power producer focusing on emerging markets and corporate and industrial (C&I) in addition to utility-scale solar projects, today announce the establishment of a joint Investment Company with Finnfund, a development financier and impact investor. “This is a historic moment. The support and credibility of […]

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Impact study highlights the transformative nature of jobs in one of the poorest counties in Kenya

Creating and supporting decent jobs is Finnfund’s key objective. A study by Niras Kenya on Socio-Economic Impact of Lake Turkana Wind Power in Marsabit highlights the transformative nature of jobs in one of the poorest counties in Kenya. The study found that with a job at the company, employees’ incomes more than doubled to nearly EUR 900 […]

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El Salvador solar power project produces much more than just megawatts

Harold Gordillo

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 […]

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SDG 13: the number one priority of Asia Biogas

Des Godson

Climate Action – Sustainable Development Goal 13 – is the number one priority of Asia Biogas, a partner of Finnfund in Southeast Asia.  For us, it is the most important goal because failure to take radical climate action will make it impossible to achieve or sustain progress on the other 16 Goals. In the tropical […]

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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 […]

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