Danish Energy Agency to Share Green Transition Expertise

The Danish Energy Agency is to share the country's experience of green transition and financing solutions to help developing nations.

It has signed an agreement with the Investment Fund for Developing Countries (IFU) to support ten countries including India, Egypt, Ethiopia, Mexico and Vietnam.

The Agency said capital mobilization was crucial in driving the green transformation of the energy sector.

At the same time, financing is also of great importance for Danish exports of green energy solutions.

Therefore, the Danish Energy Agency and IFU are now entering into a closer collaboration to increase the exchange of knowledge and strengthen Danish solutions.

This is especially true for areas such as wind, district heating and energy efficiency.

IFU chief executive Torben Huss said: "There is great potential for green energy in emerging and developing countries, and I am sure that with closer cooperation between the Danish Energy Agency and IFU, we can increase our contribution to both the green transition and the success of Danish companies in a number of more difficult markets."

Danish Energy Agency director Kristoffer Böttzauw said closer collaboration with IFU would be important to the implementation of the Danish government's increased focus on raising international climate finance.

He said: "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."