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Norsk Solar: and Finnfund’s joint investment company now partners with Norfund

  • Sector: Energy
  • Date: July 21, 2022

  • Company: Norsk Renewables develops and invests in renewable energy in emerging markets.

Norfund, the Norwegian Investment Fund for Developing Countries, has joined Norsk Solar and Finnfund as an equity partner in Nordic Impact Cooperation AS (“NIC”). With the addition of Norfund, the investment capital available for new projects is 19 million EUR.

NIC is an investment platform that provides equity financing in Norsk Solar projects for corporate and industrial energy buyers in select high-growth markets. The NIC platform was established by Finnfund and Norsk Solar in 2021, with a mandate to jointly invest in C&I projects in high-growth markets where access to renewable energy is necessary to support sustainable growth.