Increased renewable energy supply

Climate Mandate

Renewable energy is vital for economic growth, job opportunities, and improved living standards in developing countries. It provides affordable and sustainable electricity, creates jobs, and reduces greenhouse gas emissions. Supporting the transition to renewable energy systems in developing countries is crucial for sustainable development and addressing the climate crisis.

Results 2022

2,443 MW

100% renewable new capacity financed

Target 2022-2026

9 GW

new renewable capacity financed

In 2022, Norfund financed 2,443 MW of new renewable electricity generation capacity over the Climate Mandate.