Case
Solar energy
Climate change adaptation
Climate partnerships
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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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The Investment Fund for Developing Countries (IFU) is a Financial Institution owned by the Government of Denmark. IFU is a self-governing, state-owned fund, whose objective is to promote economic and social development in developing countries.
Read more about IFUEgypt is facing challenges in meeting the increasing demand for power and to reduce the number of power cuts, which have affected the country severely over the years. Therefore, a new solar park, which is to become the world largest of its kind, is significant for Egypt to continue its sustainable development.
The construction of a solar park in the western deserts of Egypt will be the largest in the world with its 41 plots, 3 of which are financed by Investeringsfonden for Udviklingslande (IFU).
The three solar plots have created about 1.000 jobs during the construction phase. In the future they will produce 300.000 MWh a year on average and employ about 70 people, primarly locals who will be in charge of the daily operations.