News
All news
For more information, please contact:
Axel Hallgren, Press and Communications Manager
axel.hallgren@swedfund.se+46 70 234 49 46Press
July 1, 2019
Swedfund invests in transition towards renewable energy
Sweden’s development finance institution, Swedfund is focused on supporting the transition away from fossil fuels and towards renewable energy. Swedfund has signed a loan agreement for 10 million euros to be part of the financing together with European Bank for Reconstruction and Development, Nordic Environment Finance Corporation and Scatec Solar ASA to construct and operate a 55.4 MWp solar power plant located in Central Ukraine.
News
April 8, 2019
Solar power to 360 million people – but no plan for e-waste
The off-grid solar power market is providing improved electricity access to an estimated 73 million households globally, or over 360 million people*. The industry is delivering a significant environmental and social impact by mitigating greenhouse gas emissions from traditional diesel power sources and providing reliable, clean energy to low- to middle-income countries. However, there are potential negative environmental and social impacts if the products are not responsibly managed when they reach their end-of-Life.
Press
April 2, 2019
Sustainable development results with high ambitions
Today, private sector is driving the development of Africa's economy by creating four out of five jobs and bringing together 33 per cent of Africa's GDP. For 40 years, Swedfund’s mission has been to fight poverty by investing in sustainable businesses in the world's most challenging countries. Job creation has always been the core of our work.
Press
December 20, 2018
Swedfund Finances Off-Grid Solar Solutions Provider in Africa
Swedfund is financing the solar provider d.light for continued expansion in Africa. In total, d.light raise US$41 million from a consortium of several financiers led by Inspired Evolution. Consortium partners include Swedfund as well as the Norwegian and Dutch development finance institutions, Norfund and FMO.
Press
August 8, 2018
Swedfund continues investing in renewable energy
Swedfund continues investing in renewable energy projects by committing to invest USD 15 million in shares of JCM Power. JCM develops, builds and operates solar- and wind power plants in developing countries
Press
June 25, 2018
Swedfund expands renewable energy portfolio with USD 15 million commitment to blended finance
Sweden’s Development Finance Institution, Swedfund, continues to expand its portfolio within renewable energy by investing USD 15 million in the fund Climate Investor One. The fund develops, builds and operates renewable energy projects in developing countries. The fund’s pioneering blended finance structure seeks to leverage private capital to impact investments in emerging markets.
News
June 7, 2018
Swedfund’s Integrated Report wins international award
Swedfund has been awarded the RI Award for Best Report by an Asset Owner: medium & small funds, for their Integrated Report at the RI Reporting Awards 2018, presented at RI Europe on Tuesday 5th June. The prize is given to institutional investment companies with transparent reporting. Swedfund was chosen among 2,500 world-wide reports.
News
May 25, 2018
Swedwatch report highlights important issues
Swedwatch has presented an updated briefing report on the human rights impacts of Buchanan Renewables Fuel in Liberia in conjunction with Vattenfall and Swedfund’s exit of the project in 2012.
Press
May 2, 2018
Swedfund invests in TLG Credit Opportunities Fund
Swedfund invests USD 10 million to enable small and medium-sized enterprises, SMEs, in Sub-Saharan Africa to access growth capital and thereby expand their operations. The investment is in TLG Credit Opportunities Fund (COF).
Press
April 26, 2018
Swedfund invests in Kenyan bank with SME focus
The Swedish Development Finance Institution, Swedfund, invests 5 million USD in the Kenyan bank Victoria Commercial Bank, VCB. The loan is directed at the bank’s small and medium-sized enterprises, SMEs, and is part of Swedfund’s mission to reduce poverty through sustainable business.
Press
April 13, 2018
Swedish investment in renewable electricity in Sub-Saharan Africa
Sweden’s development finance institution Swedfund is investing SEK 126 million in the Evolution II Fund, which is focused on clean energy supply and resource efficiency in Sub-Saharan Africa. The investment will be used to develop, build and run power stations producing renewable energy. Other investors include the African Development Bank and several European development finance institutions.
Press
February 14, 2018
Swedfund is strengthening its support for small and medium-sized businesses in East and West Africa
Sweden’s Development finance institution Swedfund has invested USD 10 million in each of the funds Advanced Finance & Investment Group (AFIG) Fund II and Catalyst Fund II. These funds, established in the expansive regions of West and East Africa, enable us to contribute to continued growth in small and medium-sized businesses, which are essential for increased job creation.
