Meridiam Infrastructure Africa Fund closes at EUR546

Meridiam has closed its Meridiam Infrastructure Africa Fund (MIAF) which was reopened in November 2018 for EUR546 (US$613.5 million) surpassing its initial target of EUR 510 million (US$568 million). 

The Fund was launched in 2015 for an initial amount of EUR207 million (US$230.7 million). It is intended to fund greenfield infrastructure projects in Africa of which, insofar, has financed and developed 14 major projects. 

Among the projects that the Fund has invested in are four solar parks in Senegal with a combined capacity of 140 MWp, the 500-MW Tulu Moye geothermal power station in Ethiopia and the Biokala biomass power plant in Cote d'Ivoire. It also backed NEoT Offgrid Africa (NOA), a joint venture between Meridiam, EDF and Mitsubishi Corporation focused on the development of distributed energy projects in Africa.