Norfund: How Norway's Development Investment Fund Works

62 matching capital sources on the ASFIP database · Last checked October 2026

Norfund is Norway's development finance institution. It invests in businesses in developing countries with a large share going to renewable energy, plus financial institutions, green infrastructure and scalable enterprises.

Norfund also manages Norway's Climate Investment Fund, which invests in renewable energy in large emitting countries to replace coal and other fossil fuels.

What Norfund finances

Equity, loans and guarantees, generally from a few million dollars upward; renewable energy deals are often much larger. Norfund prefers markets where it can make a real difference and often takes active ownership roles.

How to approach Norfund

Before making contact, have a one-page summary ready: what the project is, where it is, how much you need and in what form (loan, equity, grant), what you have already raised, and the climate or development impact you can measure.

Match your ask to the funder's real ticket size and instruments. Most rejections come from asking the wrong funder for the wrong thing — for example asking a lender for a small grant, or an equity investor for early feasibility money.

The funders

Each profile shows mandate, instruments and sector appetite. Verified contacts and application routes are available to members.

Showing 7 of 62 matching capital sources. The remaining 55 — including their verified routes and eligibility criteria — are reserved for members.

Get matched shortlist for your project

Knowing a funder's name is only 10% of the battle. iSustain Advisor Live finds the best-fit financiers and instruments for your project, the clearest route in, and how to approach them — based on your country, sector, stage and capital requirement.

Common questions

What does Norfund invest in?
Mainly renewable energy, financial institutions, green infrastructure and scalable businesses in developing countries.
What is the Norfund Climate Investment Fund?
A Norwegian government fund managed by Norfund that invests in renewable energy in countries with large fossil-fuel emissions.

Related guides

Official sources: Norfund. Reviewed by the iSustain Global research team against funders' published criteria.