Solar power to 360 million people – but no plan for e-waste
Solar Energy to 360 million people - but lack of responsible management of e-waste can become the dark side of the off grid market in developing countries.
Solar Energy to 360 million people - but lack of responsible management of e-waste can become the dark side of the off grid market in developing countries.
Swedfund continues investing in renewable energy projects by committing to invest USD 15 million in shares of JCM Power. JCM develops, builds and operates solar- and wind power plants in developing countries.
Sweden’s Development Finance Institution, Swedfund, continues to expand its portfolio within renewable energy by investing USD 15 million in the fund Climate Investor One. The fund develops, builds and operates renewable energy projects in developing countries. The fund’s pioneering blended finance structure seeks to leverage private capital to impact investments in emerging markets.
Swedfund has been awarded the RI Award for Best Report by an Asset Owner: medium & small funds, for their Integrated Report at the RI Reporting Awards 2018, presented at RI Europe on Tuesday 5th June. The prize is given to institutional investment companies with transparent reporting. Swedfund was chosen among 2,500 world-wide reports.
Swedfund invests USD 10 million to enable small and medium-sized enterprises, SMEs, in Sub-Saharan Africa to access growth capital and thereby expand their operations. The investment is in TLG Credit Opportunities Fund (COF).
The Swedish Development Finance Institution, Swedfund, invests 5 million USD in the Kenyan bank Victoria Commercial Bank, VCB. The loan is directed at the bank’s small and medium-sized enterprises, SMEs, and is part of Swedfund’s mission to reduce poverty through sustainable business.
Sweden’s development finance institution Swedfund is investing SEK 126 million in the Evolution II Fund, which is focused on clean energy supply and resource efficiency in Sub-Saharan Africa. The investment will be used to develop, build and run power stations producing renewable energy. Other investors include the African Development Bank and several European development finance institutions.
Sweden’s Development finance institution Swedfund has invested USD 10 million in each of the funds Advanced Finance & Investment Group (AFIG) Fund II and Catalyst Fund II. These funds, established in the expansive regions of West and East Africa, enable us to contribute to continued growth in small and medium-sized businesses, which are essential for increased job creation.
The Development finance institution Swedfund is providing a loan of USD 10 million to Access Bank. Access Bank is one of the leading banks in Nigeria and the loan will be used for businesses operating throughout the entire agricultural value chain, which employs over half of the country’s workforce.
The Development finance institution Swedfund is investing in Cambodia’s largest microfinance company, Prasac Microfinance Institution Ltd (Prasac), through a loan of USD 15 million. The loan will be used for on-lending to the country’s micro businesses and SMEs, which account for the majority of jobs in the country.
Husk Power Systems, a leading rural distributed utility company operating mini-grids in Asia and Africa, today announced a US $20 million equity investment* by Shell Technology Ventures LLC, Swedfund and ENGIE Rassembleurs d’Energies. Husk is now positioned to accelerate its growth to develop what the International Energy Agency estimates as a $190 billion mini-grid market leading up to 2030.
Swedfund, Sweden’s development finance institution, has made an incremental commitment of MUSD 5 to Renewable Energy Asia Fund II (REAF II) and further strengthened its contribution to the build-out of renewable energy in developing Asian countries.