Evolution II fund has reached final close with raising a total of US$ 216 million. After the first close, the fund has secured US$ 87.75 million in commitments from CDC Group, Cyane Holdings, the European Investment Bank, KLP Norfund Investments, Morgan Stanley Alternative Investment Partners and a US healthcare system.
Evolution II is fund with a mandate for equity and equity-related investments into two principle investment streams: development and project finance infrastructure-type investments in clean and sustainable energy; and growth equity investments in energy and resource efficiency companies, and the value chains that support them. The Evolution II Fund will invest in various renewable energy and resource-efficiency assets across sub-Saharan Africa over a period of 10 years. The fund manager, Inspired Evolution Investment Management, brings experience and knowledge to the project from its previous fund, which focused on the Southern African Development Community (SADC) region and delivered 12 renewable energy projects with a total generation capacity of 925 MW.
The South African solar developer, SOLA Group, has received financing from African Infrastructure Investment Managers (AIIM) and Nedbank Energy Finance for the development of a 40 MW solar photov...
Read moreThe Clean Technology Fund (CTF) one of two multi-donor trust funds within the Climate Investment Funds (CIF) on August 8, 2019, approved $20 million for the Facility for Energy Inclusion (FEI), a faci...
Read moreMIGA, a member of the World Bank Group, has issued US$98.6 million in guarantees to Atlantica Yield PLC for the ownership and operation of the 100 MW KaXu Solar One solar power plant in South Africa....
Read moreActis has acquired BioTherm Energy (BioTherm), a South Africa-based, pan-African renewable energy businesses, from Denham Capital, a global private equity firm. BioTherm consists of a strong Johannes...
Read moreAfrican Infrastructure Investment Managers (AIIM) has reached the financial close of its flagship pan-African infrastructure fund, AIIF3, which raised US$320 million from a diverse investor base...
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