Expressing her delight, Ambassador Stener posted, "Happy to receive Norfund board of directors to , where the Investment Fund has invested in renewables sector to contribute to ambitious green goals . Investments now over 286 million USD including 50 million USD investment in SAEL announced
The Norfund's goal is to support the company's ambition to grow its portfolio to 3GW over the next five years by adding 100MW of new biomass and 400MW of new solar capacity annually in addition to its existing portfolio of 600 MW.
In partnership with ReNew Power, one of the largest renewable energy independent power producers (IPPs) in India and globally, Norfund and KLP will invest around Rs 900 million for 49 per cent ownership stake in ReNew's transmission project in Koppal, Karnataka.