In brief
A holding company has been established together with the Norway-based Norsk Solar SA to fund and own power solutions with solar photovoltaic (PV) components for commercial and industrial (C&I) and utility clients with a targeted aggregated capacity of 50 MW in Finnfund’s target markets. The geographical scope is global. A significant portion of projects is expected to be in C&I projects in Vietnam.
Main development impact
The company will provide commercial and industrial customers with rooftop solar systems that produce cheaper and cleaner electricity than that from the grid.Investment details
| Name: | Nordic Impact Cooperation AS |
|---|---|
| Project number: | 80000303 |
| Region: | International |
| Country: | Vietnam |
| Sector: | Energy |
| Signing date (month/year): | April 2021 |
| Currency: | EUR |
| Finnfund's financing (commitment): | 7,400,000 |
| Instrument: | Equity |
| Size of the project financing: | EUR 15,000,000 |
| Share of Finnfund's financing (%): | 49,33 % |
| Status: | Active |
Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.
