Phnom Penh, April 13, 2022 – The Pioneer Facility, an impact fund managed by Nexus for Development, signed its first investment in Vietnam with E-Green, an eco-engineering company that provides biogas-to-energy solutions for farms, enabling them to produce energy from waste.
The Pioneer Facility loan of USD 300,000 will fuel the expansion of E-Green’s installations to 300 biogas-to-electricity systems in nine provinces, reducing greenhouse gas (GHG) emissions by an estimated 300,000 tons of CO2e per year, while producing 63 GWh of clean energy per year.