Investing during a pandemic
Despite the challenging circumstances due to COVID-19, Norfund made record high investments in 2020. Norfund’s role as a countercyclical investor is more important than ever.
Historic circulation of capital through the sale of SN Power
After building SN Power into a leading hydropower actor in developing countries, Norfund agreed in October 2020 to sell the company to the Norwegian energy developer Scatec.
New model estimates indirect job effects
In 2020, Norfund has estimated, for the first time, the number of jobs supported by our investments indirectly through their value chains. The Joint Impact Model (JIM) combines macro statistics with client financials to estimate indirect impacts for which observed data is not available.
A serious case of fraud
In March 2020, Norfund became the target of an unfortunate and serious case of fraud. Norfund’s management immediately decided to be open and transparent, not least to contribute to reducing the risk of others falling victim to similar fraudulent activities.