Region: Swedfund invests in off-grid fund

Issue 422 - 10 Sep 2020

Sweden’s Swedfund has committed $12m to SunFunder’s Solar Energy Transformation (SET) Fund, bringing commitments to the fund to $60m. Other investors include the US International Development Finance Corporation – which invested $25m in 2018 – Calvert Impact Capital, Ceniarth, and Ikea Foundation. SunFunder said the fund’s junior layer, which is usually occupied by development finance institutions and philanthropic investors, is now fully committed, but $10m remains available to senior investors.

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