Public bodyNorwaynorfund.no
Its role Investor / Financier
Norfund is Norway's development finance institution, established by an act of parliament in 1997. It is wholly owned by the Norwegian state and operates under the Ministry of Foreign Affairs. The fund's mandate is to contribute to sustainable development by investing in private sector companies in developing countries, with a focus on creating jobs, reducing poverty, and promoting environmental sustainability.
Its investment activities primarily target renewable energy, financial services, and agriculture and food production. Norfund has a significant presence in Africa, where it supports projects in solar power, hydropower, and other clean energy initiatives. It also operates in Asia and Latin America, often partnering with other development finance institutions and private investors.
As a key player in Norway's development policy, Norfund manages a portfolio of investments valued at several billion Norwegian kroner. It emphasizes additionality, meaning it invests where commercial capital is scarce, and aims for commercial returns while achieving development impact. The institution plays a vital role in mobilizing private capital for projects in emerging markets, including equity investments in large-scale infrastructure such as solar photovoltaic plants with battery storage systems.
Also known as Norwegian Investment Fund for Developing Countries.
chemXplore tracks 1 project involving Norfund.
Platform will match Mediterranean renewable and clean‑tech projects with financiers, tackle permitting and grid barriers, and aims to mobilise €25bn and upskill 10,000 workers by 2035.
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