Danish Climate Investment Fund (KIF) - State of Green Profile

Enriched Impact Investor · Found: 2026-03-11 10:59

DKK 1.3 billion risk capital fund for climate projects in developing countries. Provides equity and mezzanine financing with minimum DKK 10 million per project. Managed by IFU, requires Danish economic interest.

Source: https://stateofgreen.com/en/solution-providers/the-danish-climate-investment-fund

Funding Details

Funder

Danish Climate Investment Fund (KIF) / IFU

Funding Goal

Provide risk capital (equity and co-investment) for commercially viable climate projects in developing countries and growth markets that reduce greenhouse gas emissions and promote Danish climate technology transfer.

Funding Amount

Minimum DKK 10 million per project; fund has DKK 1.3 billion total committed capital. KIF provides partial project financing only — total project investments estimated at DKK 8–9 billion across portfolio.

How to Apply

Direct engagement with IFU/KIF. Contact via Jacob Klingemann. No public application form described — likely direct project proposal submission to the fund managers.

Target Region

Africa, Asia, Latin America, parts of Europe (developing countries and growth markets)

Contact

Jacob Klingemann, The Danish Climate Investment Fund / IFU. Phone: +45 33 63 75 28. Website: https://www.danishclimateinvestmentfund.com/. Address: Fredericiagade 27, 1310 København K, Denmark.

Last Checked

2026-03-11 16:07

Application Checklist

Eligibility

• Project must be located in a developing country or growth market (Asia, Africa, Latin America, or qualifying parts of Europe)
• Project must involve Danish economic interest — Danish company partner, technology, or know-how
• Applicant must be or partner with a commercially structured entity (not purely non-profit)

Project Scope

• Project must directly or indirectly contribute to greenhouse gas emission reduction
• Project must employ proven/known climate technology (no experimental or unproven tech)

Required Documents

• Prepare a full project proposal including financial model, technology description, Danish partner involvement, and impact projections

Constraints

• Minimum investment request of DKK 10 million; co-financing from other sources must be secured or planned
• Project must demonstrate commercial sustainability (revenue model required)

Summary

The Danish Climate Investment Fund (KIF) is a public-private partnership with DKK 1.3 billion in committed capital, managed by IFU (the Danish Investment Fund for Developing Countries). KIF provides equity and co-investment financing for climate projects in developing countries and growth markets across Asia, Africa, Latin America, and parts of Europe. Projects must directly or indirectly reduce greenhouse gas emissions while being commercially sustainable and employing proven climate technology. A core eligibility requirement is that projects must involve Danish economic interest — either through Danish business partners, technology, or know-how. KIF only provides part of total project financing (minimum DKK 10 million per project), with total expected project investment of DKK 8–9 billion across the fund's portfolio. Co-financing from local banks, Danish partners, and other public/private investors is expected. KIF is managed by IFU, which has a track record of over 1,200 investments in more than 100 countries. The fund focuses on thematic areas including waste management, water, buildings, climate change adaptation, district energy, and smart energy systems. It targets commercially-oriented ventures rather than non-profit or grant-based projects. Past investments include Africa's largest wind farm (Lake Turkana Wind Power in Kenya) and wastewater solutions in India, illustrating the fund's emphasis on scalable, technology-driven climate solutions in emerging markets with measurable impact.

Historical Context

KIF has been managed by IFU, which has over 1,200 investments in 100+ countries. A notable past investment was Lake Turkana Wind Power in Kenya (Africa's largest wind farm), in which KIF sold its shares in February 2024 after contributing to green energy and jobs. The fund also financed wastewater solutions in India (2020).

Why it was added

DANIDA/Danish development funding for waste/CE

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