{"id":180,"date":"2021-04-26T18:54:30","date_gmt":"2021-04-26T16:54:30","guid":{"rendered":"https:\/\/norfund.wpenginepowered.com\/annualreport-2020\/?page_id=180"},"modified":"2021-06-02T11:31:09","modified_gmt":"2021-06-02T09:31:09","slug":"key-events","status":"publish","type":"page","link":"https:\/\/reports.norfund.no\/annualreport-2020\/year-2020\/key-events\/","title":{"rendered":"Key events"},"content":{"rendered":"\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile is-vertically-aligned-center is-image-fill\"><figure class=\"wp-block-media-text__media\" style=\"background-image:url(https:\/\/reports.norfund.no\/wp-content\/uploads\/sites\/2\/2021\/04\/IMG_1608-ID-302612-1024x768.jpg);background-position:63% 52%\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"768\" src=\"https:\/\/reports.norfund.no\/wp-content\/uploads\/sites\/2\/2021\/04\/IMG_1608-ID-302612-1024x768.jpg\" alt=\"\" class=\"wp-image-170 size-large\" srcset=\"https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/IMG_1608-ID-302612-1024x768.jpg 1024w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/IMG_1608-ID-302612-300x225.jpg 300w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/IMG_1608-ID-302612-768x576.jpg 768w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/IMG_1608-ID-302612-1536x1152.jpg 1536w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/IMG_1608-ID-302612-2048x1536.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<p class=\"has-ingress-font-size\"><strong>Investing during a pandemic<\/strong><\/p>\n\n\n\n<p>Despite the challenging circumstances due to COVID-19, Norfund made record high investments in 2020. Norfund\u2019s role as a countercyclical investor is more important than ever.<\/p>\n\n\n\n<p><a href=\"https:\/\/reports.norfund.no\/annualreport-2020\/key-events\/covid-19\/\">Read more<\/a><\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group alignfull has-green-light-background-color has-background\"><div class=\"wp-block-group__inner-container is-layout-flow\">\n<div class=\"wp-block-media-text alignwide has-media-on-the-right is-stacked-on-mobile is-vertically-aligned-center is-image-fill\"><figure class=\"wp-block-media-text__media\" style=\"background-image:url(https:\/\/reports.norfund.no\/wp-content\/uploads\/sites\/2\/2021\/04\/SNP-Binga.jpg);background-position:50% 50%\"><img decoding=\"async\" src=\"https:\/\/reports.norfund.no\/wp-content\/uploads\/sites\/2\/2021\/04\/SNP-Binga.jpg\" alt=\"\" class=\"wp-image-128 size-full\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<h2 class=\"wp-block-heading\" id=\"h-historic-circulation-of-capital-through-the-sale-of-sn-power\">Historic circulation of capital through the sale of SN Power<\/h2>\n\n\n\n<p>After building SN Power into a leading hydropower actor in developing countries, Norfund agreed in October 2020 to sell the company to the Norwegian energy developer Scatec.<\/p>\n\n\n\n<p><a href=\"https:\/\/reports.norfund.no\/annualreport-2020\/key-events\/historic-circulation-of-capital-through-sale-of-sn-power\/\">Read more<\/a><\/p>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group alignwide\"><div class=\"wp-block-group__inner-container is-layout-flow\">\n<div class=\"wp-block-group alignwide\"><div class=\"wp-block-group__inner-container is-layout-flow\">\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile is-vertically-aligned-center is-image-fill\"><figure class=\"wp-block-media-text__media\" style=\"background-image:url(https:\/\/reports.norfund.no\/wp-content\/uploads\/sites\/2\/2021\/04\/Marginpar-Kariki-September-2019-52-Sala-Photo-ID-294697-1024x683.jpg);background-position:50% 50%\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"683\" src=\"https:\/\/reports.norfund.no\/wp-content\/uploads\/sites\/2\/2021\/04\/Marginpar-Kariki-September-2019-52-Sala-Photo-ID-294697-1024x683.jpg\" alt=\"\" class=\"wp-image-263 size-full\" srcset=\"https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/Marginpar-Kariki-September-2019-52-Sala-Photo-ID-294697-1024x683.jpg 1024w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/Marginpar-Kariki-September-2019-52-Sala-Photo-ID-294697-300x200.jpg 300w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/Marginpar-Kariki-September-2019-52-Sala-Photo-ID-294697-768x512.jpg 768w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/Marginpar-Kariki-September-2019-52-Sala-Photo-ID-294697.jpg 1382w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<h2 class=\"wp-block-heading\" id=\"h-new-model-estimates-indirect-job-effects\">New model estimates indirect job effects<\/h2>\n\n\n\n<p>In 2020, Norfund has estimated, for the first time, the number of jobs supported by our investments indirectly through their value chains. The Joint Impact Model (JIM) combines macro statistics with client financials to estimate indirect impacts for which observed data is not available.<\/p>\n\n\n\n<p><a href=\"https:\/\/reports.norfund.no\/annualreport-2020\/year-2020\/key-events\/a-serious-case-of-fraud\/\">R<\/a><a href=\"https:\/\/reports.norfund.no\/annualreport-2020\/joint-impact-model\/\">ead more<\/a><\/p>\n<\/div><\/div>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group alignfull has-green-light-background-color has-background\"><div class=\"wp-block-group__inner-container is-layout-flow\">\n<div class=\"wp-block-media-text alignwide has-media-on-the-right is-stacked-on-mobile is-vertically-aligned-center is-image-fill\"><figure class=\"wp-block-media-text__media\" style=\"background-image:url(https:\/\/reports.norfund.no\/wp-content\/uploads\/sites\/2\/2021\/05\/africado-view-ID-241892-300x200-1.jpg);background-position:50% 50%\"><img decoding=\"async\" loading=\"lazy\" width=\"300\" height=\"200\" src=\"https:\/\/reports.norfund.no\/wp-content\/uploads\/sites\/2\/2021\/05\/africado-view-ID-241892-300x200-1.jpg\" alt=\"\" class=\"wp-image-2352 size-full\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<h2 class=\"wp-block-heading\" id=\"h-a-serious-case-of-fraud\">A serious case of fraud<\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>In March 2020, Norfund became the target of an unfortunate and serious case of fraud. Norfund\u2019s management immediately decided to be open and transparent, not least to contribute to reducing the risk of&nbsp;others falling victim to similar fraudulent activitie<em>s.<\/em><\/p>\n\n\n\n<p><a href=\"https:\/\/reports.norfund.no\/annualreport-2020\/year-2020\/key-events\/a-serious-case-of-fraud\/\">Read more<\/a><\/p>\n<\/div><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Investing during a pandemic Despite the challenging circumstances due to COVID-19, Norfund made record high investments in 2020. Norfund\u2019s role as a countercyclical investor is more important than ever. Read more Historic circulation of capital through the sale of SN Power After building SN Power into a leading hydropower actor in developing countries, Norfund agreed [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":1303,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":{"norfund_header_layout":"","norfund_header_layout_image_id":0,"norfund_header_layout_image_focal_point_x":0,"norfund_header_layout_image_focal_point_y":0,"norfund_header_layout_suptitle":"","norfund_header_layout_subtitle":"","norfund_header_layout_title":"","teft_cards_image_id":0,"teft_cards_image_focal_point_x":0,"teft_cards_image_focal_point_y":0,"teft_cards_title":"","teft_cards_excerpt":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Key events | Annual report 2020<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reports.norfund.no\/annualreport-2020\/year-2020\/key-events\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Key events | Annual report 2020\" \/>\n<meta property=\"og:description\" content=\"Investing during a pandemic Despite the challenging circumstances due to COVID-19, Norfund made record high investments in 2020. 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