After building SN Power into a leading hydropower company in developing countries, Norfund, Norway’s development finance institution, has sold all the shares to Norwegian energy developer Scatec Solar for $1.17 billion. ”The deal opens new opportunities for us to reinvest capital in projects that are crucial to fight poverty and avoid carbon emissions,” says Tellef Thorleifsson, CEO of Norfund.

Norfund has, as owner of SN Power, been instrumental in building a leading hyd...