“We experience that climate financing is increasingly in demand in a number of the developing and emerging countries where the Danish Energy Agency has energy partnerships. Therefore, it is an important vitamin injection for green recovery both in Denmark and in our partner countries that we can help to also mobilize capital,” says Kristoffer Böttzauw.
Collaboration creates synergy
The Danish Energy Agency drives a number of bilateral energy country partnerships in collaboration with the Ministry of Foreign Affairs and with the involvement of e.g., the Danish TSO, Energinet. Overall, the purpose is to exchange experiences to support a green, cost-efficient, and climate-friendly transformation of the energy sector. This happens through 16 government-to-government collaborations with relevant authorities responsible for the energy sector and other relevant public and private actors. The country collaborations are based on Denmark’s experience with green transition and energy efficiency through 40 years of transformation.
IFU is a self-owned government fund that offers advice and venture capital to companies that want to do business in emerging and developing countries. IFU has been allocated DKK 1 billion through Denmark’s Green Future Fund. IFU has solid experience with investments in the energy sector and has, among other things, helped to finance more than 1,150 megawatts of solar and wind energy in a number of developing countries. The new collaboration will contribute to strengthening IFU’s knowledge of new project opportunities that can include Danish exporters of energy technology, contribute to the Danish Energy Agency’s insight into good framework conditions and tender models from the financial sector, just as the two organizations can host joint events with e.g., local authorities.
Ten selected countries
The new partnership includes ten selected countries made up of Egypt, Ethiopia, India, Indonesia, China, Mexico, South Africa, Turkey, Ukraine, and Vietnam. The ten countries are currently covered by the Danish Energy Agency’s regulatory co-operation, which is run in close co-operation with the Ministry of Foreign Affairs and with the involvement of, among others, the Danish TSO Energinet, and is also covered by IFU’s investment mandate.