Finland to invest in African wind power projects | Yle Uutiset



Wind turbines in South Africa.

Image: Nic Bothma / EPA

Foreign Trade and Development Minister Anne-Mari Virolainen has this week pledged some 1.5 million euros to fund climate projects, particularly in low-income countries, according to the Foreign Ministry. The sum is part of a commitment to plough a total of 114 million euros into clean energy projects in developing countries.

The ministry said in a statement on Thursday that the funding will bankroll projects to harness wave energy or research power storage options or even developing new earnings models, for example.

The minister signed the technical cooperation agreement with the World Bank’s financing arm, the International Finance Corporation or IFC, during the Bank’s ongoing annual meeting in Bali, Indonesia this week.

Investment to…

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