ResponsAbility Backs Chile's Cancura Wind Farm, Boosts Vietnam's Nafoods Group
ResponsAbility, a global impact asset manager, has made its first climate infrastructure investment in Latin America. The $56 million commitment is towards the Cancura wind farm project in Chile, aiming to support the country's renewable energy transition.
The Cancura project, expected to generate around 20% of Chile's wind market output, is also backed by international lenders such as CIFI, Triodos, and BICSA. Sponsored by an experienced and reputable entity, the project is set to avoid over 46,000 tons of CO2 emissions annually, contributing to Chile's goal of carbon neutrality by 2050.
In addition to its Chilean investment, ResponsAbility has funded Vietnamese agribusiness Nafoods Group JSC. The funding, under ResponsAbility's sustainable food strategy, aims to boost Nafoods' fruit processing capacity and support local smallholder farmers. Nafoods exports sustainable and traceable products to over 70 countries, promoting responsible farming practices and improving farmers' livelihoods.
ResponsAbility's investments in Chile and Vietnam align with its climate finance and sustainable food themes, managing $5.4 billion in assets across these areas. By supporting projects like Cancura and Nafoods Group, ResponsAbility is fostering sustainable and resilient food systems and promoting clean energy transition in emerging markets.
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