Norfund to partner with Norsk Solar to meet growing corporate demand for renewable power in Vietnam.
– Stavanger and Oslo. Norfund, the Norwegian Investment Fund for Developing Countries (“Norfund”) is joining Norsk Solar AS (“Norsk Solar”, OSEBX ticker: NSOL) and Nordic Impact Cooperation AS (“NIC”) as investors in the 11 MW solar plant portfolio recently constructed by Norsk Solar in Vietnam. NIC is a joint venture between Norsk Solar and Finnfund, a development financier and impact investor majority-owned by the Finnish state.The investment establishes a new partnership between Norfund, Norsk Solar and Finnfund and gives Norfund a 35 percent ownership stake in one of the largest single-