Norfund, Veolia Launch Green Industry Platform in Africa
Highlights
Norfund and Veolia are working together for Africa's green future.
Veolia has 2,18,000 employees worldwide and extensive experience in water, waste and energy.
The goal is to create low-carbon energy solutions and better water and waste management in Africa.
Norfund and Veolia, a global environmental leader, are joining forces to set up a development and financing platform to promote green industry in Africa.
This will focus on water, energy and waste management across the continent.
Ellen Rasmussen, Executive Vice President for Scalable Enterprises at Norfund, said: “Across the continent, African industry has a great need to ensure reliable and affordable access to energy and water, without increasing their environmental footprint, but companies often lack financing for the necessary investments. We are pleased to partner with such a strong global player as Veolia to develop sustainable solutions to these challenges.”
Veolia operates on five continents with 2,18,000 employees and last year supplied 113 million people with drinking water, 103 million people with sanitation and managed 63 million tonnes of waste. The company’s total turnover was EUR 45.3 billion. In Norway, Veolia PET Norge, a subsidiary, is responsible for recycling plastic bottles.
Philippe Bourdeaux, Delegated Zone Africa, Near & Middle East Director, Veolia said: “As a leader in environmental services, Veolia is As a leader in environmental services, Veolia is thrilled to combine its expertise with Norfund’s renowned commitment to invest in sustainable projects that drive development and innovation to green up African industries.
"As part of our GreenUp strategic program, Veolia will especially target REUSE and energy saving projects, offering decarbonized solutions like biomass to energy or Zero Liquid Discharge to the industry, on a continent facing water scarcity and a lack of reliable energy."
The partnership with Norfund, the Norwegian government’s investment fund for developing countries, will promote green industry in Africa. The platform will develop, finance, build and operate solutions for low-carbon energy, water cycles and waste management.
With Veolia’s presence in Africa, the partnership with Norfund is ready to support growth and industrial development across the continent.
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Source: Norfund
