Berkeley Energy secured EUR130mn first close for AREF II
Renewables developer Berkeley Energy has completed a EUR130 million (US$155.92 million) first close for its African Renewable Energy Fund II (AREF II).
AREF II, with a final target fund size of EUR300 million (US$357.48 million), seeks to invest in hydropower, wind, and solar projects across sub-Saharan Africa, excluding South Africa. It will also invest in mid-sized grid-connected projects with 10-100 MW generating capacity.
Berkeley Energy secures investment for AREF II from seven development finance institutions including CDP, CDC, FMO, Proparco, Swedfund, Sustainable Energy Fund for Africa (SEFA, managed by the African Development Bank), and the Clean Technology Fund (CTF, part of the Climate Investment Funds).
Country updates
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June 21, 2021
ILI Group receives approval for development of 450 MW Red John pumped hydro energy storage project in Loch
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June 18, 2021
Blue Gem Wind begins onshore geotechnical investigations on the Angle Peninsula
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Isle of Wight EfW in final stage of completion
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June 15, 2021
Octopus Renewables to acquire 50 MW Cumberhead Wind Farm in South Lanarkshire
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