Austrian, Dutch Institutions Boost HTF to €95m for Off-Grid Energy, Agri SMEs
Austrian development finance institution Oesterreichische Entwicklungsbank (OeEB) and Dutch counterpart FMO have jointly invested €30m in Hivos-Triodos Fonds (HTF), boosting its total assets to around €95m. This significant injection will primarily support local SMEs in developing countries, focusing on off-grid renewable energy and sustainable agriculture.
The €30m investment, facilitated through the Dutch Fund for Climate and Development, is part of a 10-year funding agreement. FMO committed €20m, with OeEB contributing €10m. Welcoming the investment, Wouter Soetaert, business development manager for blended finance at Triodos Investment Management, highlighted the potential impact on sustainable development in target regions.
HTF, an impact investment vehicle managed by Triodos Investment Management, aims to accelerate social and economic development in developing countries. The funds will support SMEs working in renewable energy and sustainable agriculture, helping them overcome barriers to growth and contribute to a greener, more resilient future.
With this €30m investment, FMO and OeEB have strengthened HTF's capacity to support local SMEs in developing countries. Over the next decade, these funds will drive progress towards sustainable development goals, fostering a more inclusive and prosperous world.
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