Norfund and KLP invest for wind power project by Enel Green

Norway’s Climate Investment Fund, managed by Norfund, and KLP have invested approximately NOK 317 million in equity capital and up to NOK 530 million in loan guarantees for a 168 MW wind power project. The project is developed by Enel Green Power in Gujarat through their joint venture KNI India. The wind project is operational and is estimated to create 700 GWh of clean energy per year and reduce carbon dioxide emissions by nearly 573,000 tonnes per year. The wind project is the Climate Investment Fund and KLP’s third collaboration, strengthening their partnership. The Climate Investment Fund owns 51 per cent of the joint venture KNI India, while KLP owns 49 per cent.