Norfund

Norfund

Norwegian Investment Fund for Developing Countries

Oslo, Norway

SolarWindHydroGeothermalBiomassEnergy StorageState-owned enterprise
Founded 19979.2M tonnes CO₂ avoided/yr
Profile last updated: March 14, 2026

About

Founded in 1997, Norfund is a state-owned enterprise headquartered in Oslo, Norway specializing in Solar, Wind, Hydro.

Norfund is a Norwegian state-owned investment fund that provides equity and risk capital to sustainable, profitable private companies and projects in developing countries. It invests to create jobs, improve lives and support the transition to net zero, with renewable energy (including solar, wind, hydropower, biomass, geothermal and energy storage) forming a significant part of its portfolio, alongside financial inclusion, agribusiness and Ukraine-focused investments.

Headquarters

Oslo, Norway

Founded

1997

Company type

State-owned enterprise

Focus areas

development financeimpact investingrenewable energyclimate investmentfinancial inclusionminority equity investordeveloping countries

Products & services

Value chain

DevelopmentAsset ManagementAdvisory

Service areas (3)

  • Sub-Saharan Africa investments

    Equity and risk capital investments in private companies and projects under the development mandate.

  • Asia and Latin America investments

    Investments in selected Asian and Latin American countries under the development and climate mandates.

  • Ukraine

    Dedicated mandate to develop sustainable businesses in Ukraine, including energy security investments.

Locations

Headquarters

Klingenberggata 4, 0161, Oslo, Norway

Service regions

KenyaUgandaTanzaniaRwandaCameroonEthiopiaGhanaNigeriaSenegalSouth AfricaMozambiqueZambiaZimbabweMalawiNamibiaVietnamIndonesiaBangladeshSri LankaCambodiaLaosMyanmarColombiaGuatemalaHondurasNicaraguaEcuadorEl SalvadorDominican RepublicUkraine

Credentials & affiliations

Industry memberships

Association of European Development Finance Institutions (EDFI)

Partnerships

EDFI Harmonization Initiative, Joint Impact Model partners (AfDB, BIO, BII, FinDev Canada, FMO, Proparco)

Sustainability

9.2M

Tonnes CO₂/yr avoided

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