14 posts found.
Selected Category: Renewable energy
Solar panel production with Finnish know-how in Thailand: local conditions as a starting point for panel design
Solar Finland from Salo in Finland is a pioneer in solar energy. The first solar energy systems supplied by the company were commissioned more than 40 years ago and many of these systems are still operational. These sustainable, high-quality solar panels are now being produced at Salotech Thailand, a joint venture among Solar Finland, Finnfund […]
Read moreJune 7, 2023
Finnfund invests 8 million US dollars in Menengai Geothermal Project in Kenya
Finnfund is one of the investors financing a geothermal project in Nakuru County, Kenya. Globeleq, the leading private power company in Africa, has signed financing agreements with the African Development Bank (AfDB), Finnfund and the Eastern and Southern African Trade & Development Bank (TDB) with regard to the US$72 million debt funding for the 35MW Menengai […]
Read moreDecember 15, 2022
Finnfund invests in a solar panel factory in Thailand
Finnish corporation Solar Finland Ltd, a Finnish solar energy corporation, has signed an agreement to establish a joint venture in Thailand. The investment company Solar Finland Investment Ltd has agreed upon establishing a joint venture with an aim to establish a production facility for photovoltaic modules in Thailand. The joint venture, Salo Tech Thailand Ltd, […]
Read moreDecember 1, 2021
Electric mobility is a question of health and it needs investments to develop
Earlier this year, I had the pleasure of moderating a panel discussion where investors gathered to discuss the risk profile of investing in charge points. Having worked with investments in developing countries for the past 20 years, it was refreshing to discuss with investors whose focus is elsewhere than the emerging markets. We discovered a […]
Read moreSeptember 14, 2021
Finnfund first development financier to report carbon net-negative investment portfolio
Finnish development financier and impact investor Finnfund today released data showing that its total investment portfolio has a net negative carbon balance. The figures for 2019 indicate that Finnfund’s investments removed 134,679 tCO2e more than they emitted. In 2019, Finnfund’s investment portfolio was EUR 617 million. “I am extremely proud that we have been able to […]
Read moreMay 4, 2021
Norsk Solar and Finnfund establish unique financing platform for impact investing in developing countries
Norsk Solar AS (NSOL, OSE: NSOL), a fully integrated independent solar power producer focusing on emerging markets and corporate and industrial (C&I) in addition to utility-scale solar projects, today announce the establishment of a joint Investment Company with Finnfund, a development financier and impact investor. “This is a historic moment. The support and credibility of […]
Read moreApril 30, 2021
Impact study highlights the transformative nature of jobs in one of the poorest counties in Kenya
Creating and supporting decent jobs is Finnfund’s key objective. A study by Niras Kenya on Socio-Economic Impact of Lake Turkana Wind Power in Marsabit highlights the transformative nature of jobs in one of the poorest counties in Kenya. The study found that with a job at the company, employees’ incomes more than doubled to nearly EUR 900 […]
Read moreMay 26, 2020
El Salvador solar power project produces much more than just megawatts
Part of my job as Finnfund’s Environmental and Social Adviser is to monitor our investments over their entire life cycle. I observe the client’s compliance of critical environmental and social matters and make sure that agreed corrective actions have been implemented. That is why I recently visited our solar power investment in El Salvador. The […]
Read moreDecember 17, 2019
SDG 13: the number one priority of Asia Biogas
Climate Action – Sustainable Development Goal 13 – is the number one priority of Asia Biogas, a partner of Finnfund in Southeast Asia. For us, it is the most important goal because failure to take radical climate action will make it impossible to achieve or sustain progress on the other 16 Goals. In the tropical […]
Read moreNovember 1, 2019
Finnfund’s USD 10 million investment makes telecommunications in Lebanon and Guinea more reliable and energy-efficient
IPT PowerTech Group is an energy solutions provider combining specialized energy-efficient solutions with innovative telecom infrastructure. With financing from Finnfund, DEG, Proparco and European Investment Bank, IPT will modernize the energy supply infrastructure in Lebanon and Guinea. The hybrid solution utilizing solar panels and storage media will save up to 40% of energy and reduce diesel […]
Read moreOctober 9, 2019
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