AFRICA RENEWABLE ENERGY FUND LP
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
The Africa Renewable Energy Fund (AREF) is a private equity fund investing in renewable energy assets in Sub-Saharan African markets, excluding South Africa. AREF is an initiative originally co-sponsored by the ADB and the African Biofuels and Renewable Energy Company (ABREC) and now managed by Berkeley Energy. AREF raised US$100 mln during the first close in March 2014.
What is our funding objective?
AREF seeks investment opportunities in pre-construction assets and project developers, targeting the provision of equity for construction typically from US$5 mln to US$50 mln per project. AREF targets markets and projects where value is supported by maturing and expanding local renewable energy legislation, deregulation of the electricity sector, and demographic and commercial drivers under-pinning future demand growth for power. For more information about Berkeley Energy and AREF please visit www.berkeley-energy.com.
Why do we fund this investment?
By investing in AREF FMO seeks to address the market need for energy in Sub-Saharan Africa in a sustainable and responsible manner by increasing the production of clean energy.
More investments
| Date | Total FMO financing |
|---|---|
| 3/14/2014 | USD 10.00 MLN |
- Region
- Africa
- Country
- Africa
- Sector
- Energy
- Effective date
- 3/14/2014
- Total FMO financing
- USD 10.00 MLN
- Funding
- Building Prospects
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A