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
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 is investing USD 4 million to support CPC’s scaling of industrial PET recycling in Vietnam. The investment aims to create jobs, contribute to lower emissions, reduce plastic pollution, and supply high‑quality recycled materials to international and domestic markets.
