The rising global temperature and climate change is evident. Consequently, the Danish Government has set an ambitious target aiming at reducing Denmark’s CO2 emissions by 70 per cent in 2030. As part of reaching the target and to increase financing for the green transition in Denmark and abroad, the government has launched the Danish Green Future Fund.
The Danish Green Future Fund has allocated DKK 25 billion, which is distributed on four existing Danish organisations financing export and sustainable projects as well as providing risk capital to the development of new technologies and the green transition in developing countries. IFU has been granted access to one billion DKK.
“We are very pleased to get access to the additional funding, because it gives us the opportunity to increase our investments in climate-related projects in developing countries, which are highly impacted by the climate change.”
Torben Huss, CEO of IFU.
IFU has extensive experience
IFU has extensive experience within renewable energy and has in recent years contributed to installing more than 1,150 megawatts of solar and wind power in countries like Brazil, Kenya, Egypt and Mongolia. Moreover, IFU is engaged in water and agribusiness projects, which fall within the scope of the Danish Green Future Fund.
– The growing world population combined with climate change will lead to an increasing shortage of water and food. This is not least the case in developing countries, and the Danish Green Future Fund gives us better opportunities to address this challenge, said Torben Huss.
Invitation to present new projects
IFU is experiencing a growing demand for financing projects within renewable energy, water and agribusiness. The additional one billion DKK adds to the already allocated funds for financing the green transition in developing countries, and IFU stands ready to deploy the capital in commercially viable projects.
– The additional funds give us more power to act, and we therefore issue a broad invitation to present new climate related projects to our investment teams, said Torben Huss.