Greenteco LLC (Chigirin solar)
Introduction
Swedfund has issued a loan to Greenteco SES LLC to finance the development of a new solar farm in Ukraine.
Swedfund's investment will finance the development, establishment and operation of a solar park in Ukraine, where the majority of the country's energy comes from fossil fuel sources.
Co-investors include EBRD and NEFCO.
Read more in our press release: Swedfund invests in transition towards renewable energy
Facts
SDG in focus
No Poverty
End poverty in all its forms everywhere.
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.
ESG
Development and implementation of the company's environmental and social management system that has the capacity to manage and mitigate environmental and social risks linked to the sector. Other prioritised sustainability issues are health and safety.
Additionality
Our investment is financially additional as it is made in a difficult context where access to capital is limited and the business environment is challenging. The investment is value additional through a strong focus on active value creation during the investment phase where, for example, environmental and social issues, climate and health and safety are prioritised.