Friday, September 25, 2020

Norfund, SN Power commit NOK 5 billion for new hydro company

Norfund has agreed with SN Power to commit USD 700 million (NOK 4.9b) in equity for a new hydropower investment company targeting Africa and Central America.

The commitment is part of a deal where Norfund sells a 10 per cent stake in SN Power to Statkraft for NOK 1.1 billion.

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