Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTSeptember 15 (Renewables Now) - Africa Finance Corporation (AFC) on Tuesday announced plans for a fund that will seek to raise USD 500 million (EUR 423m) in the next 12 months and USD 2 billion over the next three years to help make Africa less vulnerable to climate change.
The Infrastructure Climate Resilient Fund (ICRF) is the first offering of AFC Capital Partners, AFC’s newly created asset management arm. It will act as a direct investor and a co-investment fund to improve African ports, roads, bridges, rail, telecommunications, clean energy and logistics, AFC said.
AFC Capital Partners will be led by Ayaan Zeinab Adams, the former leader of the private sector arm of the Green Climate Fund under the UN Framework Convention on Climate Change, and a former CIO and senior manager of the World Bank Group’s International Finance Corporation (IFC).
“Significant financing is urgently required to build physical infrastructure that will survive the forces of climate change,” said Ayaan Zeinab Adams. “The good news is that much of this investment is compatible with competitive returns for investors through leveraging the expertise, relationships, and blended finance models that have been tried and assessed for many years by Africa Finance Corporation,” she added.
(USD 1 = EUR 0.846)
Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTDuke Energy equips Hawaii university with solar and storage
May 27, 2022 17:17 CESTUS stays atop EY renewables attractiveness index, Spain heads PPA chart
May 27, 2022 16:32 CESTSavannah Energy to develop up to 500 MW of renewables in Chad
May 27, 2022 16:08 CESTCelsia building 260 MW of solar farms in Colombia
May 27, 2022 15:51 CESTAgrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CEST