“The total size of the fund by the end of last year was probably around $3.5 billion, so that is the total value, but as to how much is allotted for the Philippines, we don’t know yet. It all comes down [to] the number of projects we have here,” Inge Stølen, senior investment manager for Norfund’s clean energy, said in a chance interview last week.
In 2020, Norfund sold its investments in SN Power, allowing it to open new deals to reinvest capital in projects that are considered crucial toghting poverty and reducing carbon emissions. SN Power has existing partnerships in the Philippines.
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