IKEA, Rockefeller Foundations to fund clean energy in developing countries with combined USD 1bn

The two moneyed foundations agree to endow a half billion US dollars each to green power projects in developing countries.

Photo: Thomas Borberg/Politiken/Ritzau Scanpix

By Leslie Kaufman & Jess Shankleman, Bloomberg News

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.

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