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.
100% renewable new capacity financed
new renewable capacity financed
In 2022, Norfund financed 2,443 MW of new renewable electricity generation capacity over the Climate Mandate.