Swedfund and Finnfund invest in Siddhartha Bank to strengthen Nepal’s financial inclusion and financing to renewable energy
Swedfund and Finnfund invest in Siddhartha Bank to strengthen Nepal’s financial inclusion and financing to renewable energy.
Swedfund invests in urban resilience fund for African cities
To help cities in Africa adapt to the effects of climate change and reduce greenhouse gas emissions, Swedfund has invested EUR 30 million in The Urban Resilience Fund (TURF).
Swedfund makes first renewable energy investment in Indonesia
Swedfund, Sweden's development finance institution, has announced an equity investment of USD 10 million in Xurya, an innovative Indonesian solar rooftop company. Xurya enables commercial and industrial companies across the country to adopt solar power with no upfront costs, displacing fossil fuel-based power generation.
Swedfund to support Ukraine's energy sector
Swedfund and Ukraine’s state-owned energy company Naftogaz, has signed a Memorandum of Understanding (MOU) aimed at supporting the modernisation of combined heat and power plants (CHPs) and advancing renewable energy projects in Ukraine.
Sustainable investments for job growth and climate action: Swedfund's Annual Report 2023
Swedfund, Sweden’s development finance institution, has published its integrated annual report for 2023: Voices for Development Finance. With a growing portfolio, increased job growth and a continued focus on climate, gender equality and digitalisation, the report showcases the impact of Swedfund’s results from 2023.
Investment to accelerate the energy transition in Southeast Asia
On December 22, 2023, Swedfund invested 12 MUSD in Southeast Asia Clean Energy Fund II (SEACEF II). This investment will contribute to providing scale-up capital to early-stage companies focused on advancing the low-carbon transition in some of Southeast Asia's most fossil fuel-intensive economies.
Uganda receives grant support from the Swedish Government for conducting floating solar studies
Following the successful signing of the Memorandum of Understanding between the GoU, represented by the MEMD, and Swedish Government, represented by the Swedish Embassy in Kampala, a number of initiatives have been proposed to support the Ugandan energy sector.
Swedfund commits MEUR 15 to finance renewable energy in Africa
Swedfund invests 15 MEURO in Africa Fund for Renewable Energy II. The fund has a strong focus on developing countries and the technology is about small and medium-sized power plants, as well as solar, wind and battery storage solutions. #DevFin
Swedish investment supports energy transition in Southeast Asia
Development finance institution Swedfund commits 15 MUSD to SUSI Asia Energy Transition Fund, a fund that geographically reaches some of the least developed countries in Southeast Asia, investing energy transition projects. By supporting the first close of the Fund, Swedfund is expected to play an important role in the mobilization of additional capital.
![A child in Kenya is reading in the light from off-grid solar energy. SunFunder borrower [M-KOPA], Kenya.](https://mnd-assets.mynewsdesk.com/image/upload/ar_16:9,c_fill,dpr_auto,f_auto,g_auto,q_auto:good,w_746/garcgbwjxua1ymczyskt)
Swedfund makes large commitment to the off-grid solar energy sector
Swedfund, the Swedish Development Finance Institution, commits USD 12m to the Solar Energy Transformation Fund managed by SunFunder. The investment will contribute to increased access to electricity, as well as the increased generation of renewable energy for exposed demographics in the least developed countries in the world according to the OECD DAC list. The investment is in line with Swedfund’s
Swedfund commits 15 MUSD to renewable energy in Africa
Swedfund commits 15 million dollars to Metier Sustainable Capital II, a fund focused on renewable energy in sub-Saharan Africa. In addition to investments in renewable energy, the fund will also invest in projects for resource efficiency in areas such as water and waste management.
Swedfund invests in resource efficiency in India and Bangladesh
Over the past year Swedfund has assessed a number of investment opportunities in the resource efficiency space in order to broaden Swedfund’s scope within climate and further align Swedfund’s mission with the Paris Agreement. Swedfund, as one of several European development finance institutions, has now invested in South Asia Growth Fund II (SAGF II).
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