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
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.
Tellef Thorleifsson has informed the Norfund Board that he will step down from his position as CEO in July. During the 7.5 years Thorleifsson has led Norfund, the fund has doubled its invested capital, tripled annual investments, and been entrusted to manage two new mandates.
“I have great confidence in what we do at Norfund, and I am proud of the results we deliver in the fight against poverty
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.
