FinnFund
Company description
Finnfund, or the Finnish Fund for Industrial Cooperation Ltd., is a Finnish development finance company that specializes in providing long-term investment and financing solutions for projects in developing countries. It is owned by the State of Finland and its primary purpose is to promote sustainable development by investing in responsible and profitable businesses in developing countries. It invests in various sectors, including renewable energy, sustainable forestry, agriculture, water supply, and financial institutions. The aim is to support projects that contribute to economic development, poverty reduction, and environmental sustainability. Finnfund provides financing through various instruments, including equity investments, mezzanine financing, and long-term loans. Finnfund operates globally and invests in projects across different regions, with a focus on Africa, Asia, and Latin America. The company collaborates with local businesses, financial institutions, and other development finance institutions to maximize its impact.
Company details
Participation in projects
Projects per Country ()
Projects per Subsector ()
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The company has not participated in any projects.
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Company updates
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January 02, 2024
Financial close for 35 MW Menengai geothermal project in Kenya
Globeleq and its local project partner Geothermal Development Company (GDC) have reached financial close on their 35 MW Menengai geothermal project in Nakuru County, Kenya. The primary project lender...
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March 17, 2023
Climate Finance Partnership acquires stake in 310 MW Onshore wind farm in Kenya
Climate Finance Partnership, a fund managed by BlackRock Alternatives, has completed the acquisition of a 31.25% stake in 310 MW Lake Turkana Wind Power Project located in Kenya.
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February 10, 2023
Globeleq selects EPC for 35 MW geothermal project in Nakuru County
Globeleq has signed an engineering, procurement, and construction (EPC) contract as well as a long-term service agreement (LTSA) with Toyota Tsusho Corporation (TTC) for the 35 MW Menengai geothermal...
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December 16, 2022
Globeleq signs financing agreement for 35 MW geothermal project in Nakuru County
Globeleq has signed a US$72 million in debt financing with African Development Bank (AfDB), Finnfund, and the Eastern and Southern African Trade & Development Bank (TDB) for the 35 MW Menengai geo...
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April 20, 2020
EAIF, Finnfund to structure US$30m debt financing for Kaptis hydropower plant project
Private Infrastructure Development Group (PIDG) company, Emerging Africa Infrastructure Fund (EAIF), has been appointed a joint mandated lead arranger (JMDA) of the US$30 million debt finance package...
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April 24, 2019
Financial close on phase II of 250 MW wind project in Ukraine
Norwegian NBT AS and French Total Eren SA have achieved financial close on phase II of 250 MW Syvash wind project in Kherson region of Ukraine. With an expected total investment of EUR 380 millio...
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March 31, 2017
FRV reaches financial close for two solar PV projects in Jordan
FRV has announced the financial close of two of the four projects awarded in the second round of Jordan’s solar independent power producer (IPP) tender.
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December 16, 2016
Financing signed for Rwanda peat-to-power plant
A US$350 million deal has been signed to finance an 80 MW peat-to-power project in Rwanda which aims to increase access to electricity for the three quarters of the country’s population tha...
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November 23, 2016
Catalyst MENA Clean Energy Fund reaches €47 million
The first projects of a new fund supported by the European Investment Bank (EIB) – the Catalyst MENA Clean Energy Fund (Catalyst) – are now taking off.
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October 20, 2014
IFC finalizes $207.5 million financing for ground-breaking solar program in Jordan
The International Finance Corporation (IFC), a member of the World Bank Group, has finalized a US$207.5 million debt package to fund the construction of seven solar photovoltaic plants in Jordan.
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