Climate Investor One
Introduction
Climate Investor One invests in renewable energy projects in sub-Saharan Africa and Asia.
Swedfund's investment contributes to increased production and access to electricity, reduced carbon dioxide emissions and the implementation of international sustainability standards in the sector. In addition, the investment contributes to mobilising private capital.
Co-investors include FMO, FinDev Canada and ADB.
Read more in our press release: Swedfund expands renewable energy portfolio with USD 15 million commitment to blended finance
Facts
SDG in focus
No Poverty
End poverty in all its forms everywhere.
Gender Equality
Achieve gender equality and empower all women and girls.
Decent Work and Economic Growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
Climate Action
Take urgent action to combat climate change and its impacts.
Sector
Energy & Climate
Access to renewable energy is a crucial factor for economic growth and poverty reduction. Today, around 750 million people lack access to electricity, three quarters of whom live in sub-Saharan Africa and the least developed regions of Asia.
Value creation
Our Impact
The investment contributes to increased production and access to electricity, reduced carbon emissions and the implementation of international sustainability standards in the sector. Furthermore, the investment is expected to contribute to increasing women’s economic empowerment as well as to jobs and other income-generating opportunities locally.
ESG
We are working closely with the fund manager to, among other things, develop and implement an environmental and social management system that has the capacity to manage and mitigate environmental and social risks associated with the sector.
Additionality
Our investment is financially additional as we invest in difficult contexts where access to capital is limited, poverty rates are high and the business climate is challenging. The investment is expected to help mobilise capital. The investment is value additional through a strong focus on active value creation during the investment phase, where environmental, sustainability and corporate governance issues are prioritised.