Denmark’s Investment Fund for Developing Countries Lends Money to Asia Clean Capital Investment Holdings
Posted on 11/07/2022
Asia Clean Capital Investment Holdings Limited (ACC) is a clean energy solutions developer that serves large multinational and domestic firms throughout China.
Asia Clean Capital Investment Holdings signed 2.3 million Euros clean energy project financing for stage I with Denmark’s Investment Fund for Developing Countries (IFU). IFU is a government-owned fund owned by the Danish government, offering risk capital to companies in developing countries and emerging markets. Furthermore, IFU is fund manager of a number of other investment funds, including the Danish SDG Investment Fund.
ACC will invest the funds into an advanced pipeline of rooftop solar projects for commercial and industrial’s enterprises. In addition, it is expected to have second stage of 2.7 million Euros clean energy project financing from IFU, a total of 5 million Euros for investment and construction on distributed photovoltaic. Since ACC established headquarters in Hong Kong in 2007, it has been committed to developing sustainable clean energy business in Asia. The total installed capacity of Rooftop Solar systems developed and constructed by ACC is more than 160MW, and the total installed capacity of Ground Energy systems is about 29,107KW.
United Exports Limited
Established in 2002, United Exports Limited is a global agricultural company, specializing in blueberries. On October 27, 2022, Dutch entrepreneurial development bank (FMO) partnered to provide funding and advisory support to United Exports Limited to help the company increase sustainable blueberry production in South Africa, create jobs, and boost women’s participation in management roles. International Finance Corporation (IFC) and FMO will loan up to €14 million to United Exports Limited. The investment announced builds on the €30 million in funding IFC, FMO, and the Investment Fund for Developing Countries (IFU) provided to United Exports in 2018.