Nordic Impact Cooperation AS

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.

April

Key facts

Name:

Nordic Impact Cooperation AS

Sector:

Energy

Region:

International

Country:

Vietnam

Currency:

EUR

Finnfund's financing (commitment):

7,400,000

Signing date (month/year):

April 2021

Last update:

September 2021