Africa50, an infrastructure investment firm, is launching new investment vehicles totaling US$700 million to support climate-friendly projects across Africa. The funds will focus on off-grid power companies, distributed renewable energy, and green transportation projects.
infrastructure investor, is setting up the first region-wide investment vehicle dedicated to off-grid power companies and plans a US$500-million fund to invest in climate-friendly projects.
said in an interview at a conference in Tanzania. It will comprise a $400-million component for project development, another $100-million for project preparation, and will target sectors ranging from renewable energy to transport that limits greenhouse-gas emissions. Separately, Casablanca-based Africa50 is setting up a $200-million fund to invest in companies providing so-called distributed renewable energy such as solar-powered mini-grids and home systems. The International Solar Alliance will sponsor the new fund, known as the Africa Solar Facility.
AFRICA50 CLIMATE CHANGE GREEN INFRASTRUCTURE RENEWABLE ENERGY INVESTMENT
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