The Climate Investment Fund, managed by Norfund, is investing up to 100 million dollars in the Indian renewable energy company AMPIN Energy Transition. The capital will help finance around 2 gigawatts of new solar and wind power backed by energy storage in India.
Pinaki Bhattacharyya (left), Founder, MD and CEO of AMPIN Energy Transition, and Bjørnar Baugerud, EVP Renewable Energy and head of
Norfund is investing USD 10 million in the Ukrainian biscuit manufacturer Yarych to support the company’s continued growth.
The company employs around 500 people at its production facility in the Lviv region in western Ukraine, close to the EU border - an important advantage for maintaining exports.
“Yarych’s impressive development in recent years, despite the war, reflects th
“With this investment, we are not just supporting growth. We are supporting people whose livelihoods depend on this factory continuing to run, even amidst a full-scale war,” says Andriievska.
Erik Sandersen has been appointed as the new CEO of Norfund, the Norwegian investment fund for developing countries. Sandersen has 25 years of experience from the financial sector and has for the past ten years headed Norfund’s Financial Inclusion department.
“The Board is very pleased to have appointed Erik Sandersen as the new CEO of Norfund. He has strong investment expertise, in-depth knowl
Last year, Norfund’s investments in developing countries aimed at creating jobs and avoiding emissions delivered returns of 7.2 per cent and 11.4 per cent respectively, measured in investment currency. “Good returns are important in order to combat poverty and limit climate change more effectively,” says Tellef Thorleifsson, CEO of Norfund.
Norfund and OP Finnfund have invested USD 15 million in Softlogic Life Insurance to expand access to life and health insurance in Sri Lanka. Softlogic Life serves 1.3 million customers nationwide, with insurance coverage for low-income households rising from 300,000 to 490,000 since 2020.
Norway’s Ukraine Investment Fund, managed by Norfund, is investing USD 15 million in the Rebuild Ukraine Fund (REBUF), managed by Dragon Capital, to help address the shortage of equity capital for Ukrainian businesses.
