Norfund, established in 1997, is a Norwegian government organization based in Oslo. It is an economic development agency that provides equity, risk capital, and loans to businesses in selected countries and sectors where access to capital is scarce. Its primary focus is Sub-Saharan Africa, with additional investments in South East Asia and Central America. Norfund aims to contribute to poverty reduction and economic development in these regions by supporting sustainable businesses through strategic minority investments.
Executive Vice President, Green Infrastructure and Scalable Enterprises
Kjell Roland
Managing Director and CEO
Lisa Thomsen
Senior Investment Manager, Clean Energy
Tellef Thorleifsson
CEO
Kristoffer Valvik
Investment Manager
Donald Kariuki
Investment Manager
Past deals in Oslo
SN Power
Private Equity Round in 2013
SN Power is a company dedicated to investing in clean, renewable energy within emerging markets, with a specific focus on hydropower. The firm operates in Southeast Asia, Africa, and Central America, where it acquires, develops, constructs, and manages hydropower assets. It has several operational hydropower plants located in The Philippines, Laos, Zambia, and Panama. Headquartered in Oslo, Norway, SN Power also maintains an office in Amsterdam, Netherlands, and employs a multinational team to support its global operations and projects.
Green Resources
Private Equity Round in 2009
Green Resources AS is a Norwegian company specializing in afforestation and wood processing in East Africa. Established in 1995, it operates plantations spanning over 40,000 hectares across Mozambique, Tanzania, and Uganda, producing timber for various markets including the Middle East and global hardwood sectors. The company manufactures sawn timber, electricity poles, charcoal, and other wood products, utilizing waste wood for power generation. It also engages in carbon offset projects, developing emission reduction initiatives and trading high-quality CERs and VERs. Green Resources' operations include East Africa's largest sawmill in Tanzania, along with charcoal plants and pole treatment facilities across the three countries it operates in.
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