Ikea and Rockefeller Foundations in historic green energy push

In a move to kickstart the energy transition globally, the Ikea Foundation and the Rockefeller Foundation announced today that they will each donate USD 500m to support distributed renewable generation projects in developing nations.

By Leslie Kaufman and Jess Shankleman / BLOOMBERG

Roughly 2.8 billion people worldwide don't have access to reliable power, according to the United Nations, but the two philanthropies the Ikea Foundation and the Rockefeller Foundation estimate that donating USD 500m each will bring energy to a billion of them over the next decade.

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Ikea's Imas sees a new sustainable mandate creating 'clever alpha'

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Nordic Alpha Partners reels in international investment giants for second fund

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Further reading

World's best EMD team still waiting for clients to return to Danske AM

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

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Nordic institutional investors still see potential in beleaguered Swedish battery producer

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Expansion of Nordic team has paid off: Inflows to all core products for US manager