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Business

Stoltenberg - Ida Laingen  Finansdepartementet.jpg

Aid-financed climate investment fund massively outperforms Norway’s oil fund on renewable energy

The Norwegian aid-funded Climate Investment Fund reports solid returns on its renewable energy investments in countries like India and South Africa, while the oil fund, the country’s sovereign wealth fund, is losing money on its renewable investments which are restricted to Europe and North America. There are no immediate plans to alter the oil fund’s strategy, says Finance Minister Jens Stoltenberg, but he does not rule out changes in the future.  

Business April 11, 2025

IFU facility has signed its first two guarantees

A new guarantee scheme managed by the Danish development finance institution IFU is now fully operational....

Business December 20, 2024

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IFU ticks up annual net return expectations to 12-15% for second SDG fund

The Danish impact investor IFU and four Danish pension funds agreed this week to establish the Danish...

Business November 22, 2024

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How Norway’s oil fund could co-invest with World Bank in renewables

A Dutch investment fund praised by US Treasury Secretary Janet L. Yellen for facilitating co-investments...

Business November 14, 2024

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Former oil fund chief challenges restrictions on renewable energy investments

The Norwegian oil fund is now so big that it should invest more in emerging economies, says the fund...

Business September 27, 2024

Støre Zelensky -Torbjørn Kjosvold - SMK photo - Nato 75 år - Toppmøte i Washington July 2024 cropped.jpg

Norfund gets green light to invest in Ukraine

The government has finally opened for Norfund, Norway’s development finance institution (DFI), to invest...

Business September 27, 2024

NDF scales up project funding

The Nordic Development Fund (NDF) is on track to sharp growth, adding new projects to its portfolio this...

Business August 30, 2024

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New NDF boss: Momentum for more joint Nordic climate efforts

The veteran Finnish diplomat Satu Santala has taken over the helm of the Nordic Development Fund (NDF),...

Business August 30, 2024

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Equinor and Statkraft gear up renewable investments based on their own resources

Development Today’s investigation into Norwegian financing of renewable energy in the Global South shows...

Business August 22, 2024

Relaxed martial law restrictions in Ukraine allow Danish IFU to expand investments

The Danish impact investor IFU says the easing of Ukraine’s martial law restrictions on serving foreign...

Business August 08, 2024

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