Case
Solar energy
Energy efficiency
Energy storage
+2
IFU is the Danish Development Finance Institution providing risk capital for private sector investments in developing countries and emerging markets. Investments are made on commercial terms in the form of equity, loans and guarantees. The purpose is to support the green transition and create just and inclusive societies.
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India is the world’s third-largest state emitter of greenhouse gases and according to the International Energy Agency, its energy use has doubled since 2000, with 80% of demand still being met by coal, oil and solid biomass. Fortunately, green energy is a priority for the Indian government in its endeavor to reduce greenhouse gas emission intensity of its GDP while meeting the increasing energy demands.
Slopes of the green fields of Rajasthan will soon be covered by solar cells developed by the Indian company ACME, supplying clean energy to northeastern India’s families.
The project is financed by The Danish Investment Fund for Developing Countries (IFU), which has invested in the solar power plant on behalf of the Danish SDG Investment Fund, which is supported by Danish state, large Danish pensions funds and other private investors.
A new solar power plant will provide green electricity to 500,000 households and is expected to reduce CO2e emissions by 500,000 tons each year.
