Norfund

DFI
Norway
iSustain score 86Accessible· 1–3 months

Norwegian investment fund for developing countries with a strong renewable energy focus.

Geographic focus

East Africa
Latin America & Caribbean
South Asia
Southeast Asia
Southern Africa
Sub-Saharan Africa
West Africa

Sector appetite

Renewable Energy
Clean Energy
Financial Institutions
Agribusiness
Forestry
Climate Mitigation
Infrastructure

Finance instruments

Debt
Equity
Mezzanine
Fund Investments
Concessional Equity

Project stages

Development
Construction
Growth
Expansion
Operational
Scale-up

Typical ticket size

$4m – $100m

Readiness requirements

Bankable project, credible partner

Partnership preferences

Joint ventures with industrial partners

Contact

post@norfund.no

iSustain relevance score

  • Regional focus & relevance30/30
  • Access & contactability25/25
  • Financing programmes & instruments — 1 open or rolling8/15
  • Instrument breadth8/15
  • Data freshness15/15

Weighted 0–100: Africa focus 30, access & contactability 25, live windows 15, instrument breadth 15, data freshness 15.

Access difficulty

Accessible· 1–3 months

Direct approach possible; published application route.

  • Counterparty requirement — Direct counterparty0/5
  • Application process — Published application route0/3
  • Ticket floor — Minimum ticket $1m+1/3
  • Readiness burden — 1 readiness requirements identified0/2
  • Internal approval process — Investment committee process1/2

A rating of how hard this capital is to reach — not a prediction of whether an application will succeed. Built from the counterparty required, the published application route, the minimum ticket, the readiness evidence expected and the internal approval process.

Instruments & programmes

What a client can actually approach this organisation for, and how access works.

Norfund Clean Energy & Financial Inclusion Investments

Facility
Equity
Rolling

Norwegian DFI equity and debt for renewable energy generation, grid and financial institutions across Africa, Asia and Central America, including the dedicated Climate Investment Fund mandate.

Access route

Direct application

Ticket size

— — Typically $5m–$60m

Geographic focus

Sub-Saharan Africa
South Asia
Southeast Asia
Latin America & Caribbean
Pan-African

Sector focus

Renewable Energy
Financial Institutions
Agribusiness

Project stages

Development
Construction
Growth

Eligibility

Commercially viable companies and projects in Norfund's priority countries.

How to access

Send an investment proposal to the relevant Norfund sector team; early-stage discussion precedes formal due diligence.

Norfund Direct Investments

Facility
Equity
Open

Equity, debt and mezzanine in clean energy, financial institutions, scalable enterprises and green infrastructure.

Access route

Direct application

Ticket size

$4m – $50m — $4m–$50m

Geographic focus

West Africa
Latin America & Caribbean
Sub-Saharan Africa
South Asia
East Africa
Southeast Asia
Pan-African
Southern Africa

Sector focus

Renewable Energy
Financial Institutions
Agribusiness

Project stages

Growth
Scale-up

Eligibility

Companies in Norfund priority markets.

How to access

Submit an investment proposal to Norfund.

Related capital sources

Other funders with an overlapping mandate.

Browse by theme in the finance guides.