Klinchenberg
Africa
Region
784.6
Commitment (MNOK)
Active
Status
Klinchenberg is a subsidiary of Norfund owned jointly with BII that is the vehicle for Norfund's joint venture with Scatec for hydropower development in Africa. Together with Scatec the company owns a stake in the Bujagali hydropower asset in Uganda, and has a number of hydropower projects under development with local partners in Africa.
Key information
- Sector:
- Renewable Energy
- Commitment (MNOK):
- 784.6
- Year:
- 2021
- Region:
- Africa
- Country:
- Regional
- Domicile:
- Netherlands
- Instrument:
- Equity
- Status:
- Active
- Mandate:
- Development
Klinchenberg investments
| Investee | Sector | Country |
|---|---|---|
| Bujagali Electricity Co | Uganda |
Additionality for Klinchenberg
This investment is particularly additional on the following ambitions:
- Investing in the poorest countries
- Investing in the most capital constrained markets
- Investing in the riskiest markets
- Investing in the most difficult business environments
- Investing in high risk instruments
- Mobilising private investors
- Improving social and environmental standards
- Taking an active role in investments