In this edition, we want to share some exciting news with you: NDF has approved a booster grant to the Green and Resilient Debt Platform and
In this edition, we want to share some exciting news with you: NDF has approved a booster grant to the Green and Resilient Debt Platform and the Mirova Gigaton Investment Vehicle achieved its first financial closing. We also suggest you note some important dates in your calendar. Deadlines are approaching for the EEP Africa open call for proposals and the Expressions of Interest in our project in Senegal. Also, the landmark event in circular economy is taking place at the end of May in Helsinki and of course also online. |
The Mirova Gigaton Investment Vehicle moves forward in accelerating clean energy transition The Mirova Gigaton Investment Vehicle achieves its very first financial closing, gathering key investors such as NDF, thus highlighting the importance of blended finance debt funds to tackle climate change. Mirova, the affiliate of Natixis Investment Managers dedicated to sustainable investment, supported by Mirova SunFunder East Africa Ltd as Investment Advisor, a wholly owned subsidiary based in Nairobi, announced that the Mirova Gigaton Investment Vehicle has raised USD 171 million for its first closing. The blended finance debt strategy aims to accelerate the clean energy transition in underserved and emerging markets in developing countries, with a strong focus on Sub-Saharan Africa. NDF is a key partner of the Mirova Gigaton Investment Vehicle, by investing USD 15 million out of the Fund’s current total of USD 171 million. |
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NDF approves a grant to boost green bonds in Africa NDF has given a green light to support the design phase of the Green and Resilience Debt Platform with a booster grant of EUR 500,000 to address climate financing gaps in Africa. The new initiative aims to unlock climate finance through green bonds. “NDF is committed to supporting Sub-Saharan Africa in addressing climate change, and our aim is to allocate 60% of our financing to the region. We welcome the Green and Resilient Debt Platform as a new tool to unlock climate financing at scale. An impactful combination of support to investment readiness, financial de-risking together with technical assistance has the potential to engage the private sector in providing critical climate resilient solutions for the development of local and regional green debt ecosystems. We will continue to work with our partners to find the best synergies in this shared challenge,” said Karin Isaksson, Managing Director at NDF. |
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EEP Africa: Call for proposals is open! Are you a clean energy company based in Southern or Eastern Africa? Are you interested in grant financing for innovative clean energy solutions? EEP Africa provides risk tolerant early-stage grant financing for locally driven innovative clean energy projects, technologies, and business models through a competitive call for proposals process. Project financing is supplemented by technical support, investment facilitation and knowledge sharing.
The deadline for submission of proposals is 12 May 2023 at 12:00 Helsinki time (GMT+3). |
NDF welcomes a new Associate As of 17 April, Ms Taru Saarinen has joined NDF to strengthen the Strategy, Outreach & Communications department as an Associate. |
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Marking Earth Day Together with Nordic Investment Bank and Nefco - the Nordic Green Bank, we now share not only the headquarters in the heart of Helsinki, but also the WWF Green Office label. We marked Earth Hour together on 25 March. Watch our joint video and see how we promote sustainability in our offices. |
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Prof. Petteri Taalas visits NDF On 27 April, the Secretary-General of the World Meteorological Organization (WMO) Professor Petteri Taalas visited the Nordic Development Fund and gave a presentation on the topic “Status of Climate - Adaptation and Mitigation Perspectives”. |
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World Circular Economy Forum The World Circular Economy Forum is a landmark event of the year that brings together business leaders, policymakers and experts to present the world’s best circular economy solutions. NDF will be participating in the World Circular Economy Forum, which is hosted this year in Helsinki, Finland by Sitra and Nordic Innovation on 30 May to 2 June, 2023. |
Open Expressions of Interests Currently, there are two EOIs open for an NDF-financed project in Senegal: |
Nordic leadership in addressing climate change and development challenges Together with our strategic partners, we develop, launch and scale high-impact projects to support developing countries and the most vulnerable people affected by climate change. |
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