What energy sources does Norfund invest in?

Norfund invests in conventional renewable energy sources, such as solar, wind, hydropower, biomass and geothermal. Norfund invests in both utility-scale, grid-connected power plants and distributed generation. The latter includes smaller-scale projects and off-grid solutions that supply power directly to the end-user.

How does Norfund invest in power plants?

Norfund invests in medium to large-scale grid-connected power plants, primarily with or via industrial partnerships. These plants typically supply power under long-term contracts to utilities. Over the past decade, the costs of solar and wind power have dropped dramatically, strengthening the transition to renewable energy sources.

What does Norfund invest in?

Norfund invests in both utility-scale, grid-connected power plants and distributed generation. The latter includes smaller-scale projects and off-grid solutions that supply power directly to the end-user. Additionally, Norfund invests in enabling technologies that have a significant climate impact such as energy storage and transmission.

Does Norfund invest in fossil fuels?

Norfund will not make new investments in fossil fuels, with the exception of clearly defined and necessary cases that support energy transition in line with the Paris Agreement. Norfund invests in medium to large-scale grid-connected power plants, primarily with or via industrial partnerships.

Does Norfund have a board seat?

Norfund takes a position as an active owner and requires the right for a board seat in equity investments. With more than 25 years’ experience of investing in developing countries, Norfund continuously builds and develops the expertise needed to invest and manage risks in order to succeed as an investor.