MegaWatt Project Solutions LTD’s Post

I never quite know how I feel about this sort of news, African Infrastructure Investment Managers (AIIM) is an African business, owned by Old Mutual Limited a pan African bank established in Cape Town in 1945. My humble opinion is that Africa needs more African avenues for investment, as it stands it looks like AIIM will be potentially sold of to a variety of international investors like BlackRock, Norfund etc, don't get me wrong these are great entities, FMO is involved in a number projects and entities that I'm involved with. My concern is that its AIIM's African identity that has made it successful and we are at somewhat of a stale mate when it comes to financing new projects, highly reliant on the support of DFI's and I'm not sure what the continent has to gain from selling out to international shareholders. I'm not oblivious to the benefits of accessing the enormous wealth of a company like Black Rock for instance but is this in Africa's interest? #africa #energy #renewableenergy #powerafrica #electricity #investment

🚨🚨🚨 PTX DEVELOPMENT FUND 🚨🚨🚨 ⚡⚡⚡ CALL FOR PROPOSALS ⚡⚡⚡ GREEN HYDROGEN PROJECTS ELIGIBILITY ⏩ (1) Public and Private projects; (2) Industrial scale projects based on green, additional Renewable Electricity; (3) Countries: In this 1st call: Brazil, Egypt, Georgia, India, Kenya, Morocco and, South Africa See:

How do you get global listed markets (where all the money is) to invest in Africa's renewable energy assets? Development finance institutions (DFIs), multilateral development banks (MDBs), specialist finance and impact investors are able to support the higher-risk development stage of renewable energy projects, but stock market investors are generally looking for safer, more mature investments. The Foreign, Commonwealth and Development Office's mobilisation programme, MOBILIST Global, is working with Eighteen East Capital and South Africa's Revego Fund Managers to repackage fully operational renewable assets in Africa held by DFIs and MDBs into REIT-like "yieldcos" that can be listed to attract stock market investors. That then releases capital for the DFIs and MDBs to invest in new renewable energy projects. This has already happened on the London Stock Exchange, which now has some 20 renewable energy investment trusts, a trend kicked off in 2013 by the now £3 billlion Greencoat UK Wind PLC. #impactinvesting #renewableenergy #africa Dave Portmann JSE Investec EPPF Green Investment Group Wood Mackenzie Chris Eleftheriades Tara Sabre Collier Ross Ferguson Impact-Investor.com Ian Lewis Sarah Gordon David Krivanek https://lnkd.in/ekgQiSRg

Gaia Fund Managers is raising $200-million for investment in African renewable energy plants and power grids with the assistance of Apex Group. The money will be raised through the Gaia Africa Climate Fund which will be domiciled in Luxembourg to allow US and European investors direct access. Apex Group Ltd will act as fund administrator. Investors are conducting their due diligence checks and some have committed to provide the first $50-million this year, according to Renier de Wit, MD of Gaia Fund Managers. The fund is expected to be fully capitalised by the end of 2025, he said. Gaia, a South African fund manager, will also list vehicles on the Kenyan and Botswana stock exchanges to ensure indirect access for institutional and pension fund investors from those countries. The climate fund will operate as a so-called yieldco, which invests in plants that are operating to free up money for developers to build new facilities, De Wit said. Read more: https://lnkd.in/evCsGpVw #RenewableEnergy #Solar #Finance #Africa #Fund

British International Investment (BII), FMO - Dutch entrepreneurial development bank, and Proparco, along with renewable fund manager Frontier Energy | Africa, have announced a co-investment exceeding $52 million in the Planet Solar project, a greenfield 50MW solar power initiative in Sierra Leone. Developed by Frontier Energy and One Planet Group, the project aims to address the urgent need for clean, affordable, and stable power in the country. Christopher Chijiutomi, Managing Director and Head of Africa at BII, expressed delight in bringing clean and reliable energy to underserved regions, emphasizing the commitment to climate finance. The investment aligns with the goal of achieving net-zero emissions by 2050 and aims to unlock more long-term capital for Sierra Leone’s energy sector. Jaap Reinking, head of the Private Equity department at FMO, highlighted the significance of energy access as a key enabler for inclusive and sustainable economic recovery. Proparco’s Tibor Asboth echoed the sentiment, emphasizing the alignment of the investment with climate change mitigation strategies in Africa. Investment Director and Partner at Frontier Energy, praised the project’s development and delivery capabilities, emphasizing its potential to provide stable, clean, and reasonably priced power to urban and rural consumers, as well as commercial and industrial entities. Read more: https://lnkd.in/evW3viiW #RenewableEnergy #Solar #SierraLeone #Investment

🌍 Did you know there have been significant recent shifts in the geographical spread of energy access-related #crowdfunding campaigns? 🔎 Our research shows that the top 5 borrowers – Bisedge, Sollatek Electronics (Kenya) Ltd, WATT Renewable Corporation, Abyssinia Group of Industries, and Ariya Finergy - are all based in Africa. However, the appeal of C&I projects is increasingly pushing debt platforms beyond sub-Saharan Africa into Southeast Asia and Latin America, where there are more C&I investment opportunities. Explore more insights in the latest report from Crowd Power 👉 https://lnkd.in/giygkJEz Transforming Energy Access Foreign, Commonwealth and Development Office

🏦 The European Investment Bank (EIB) estimates to reach #NetZero by 2050, this would require current annual investments in clean energy to triple. 🤔 How much capital is flowing into European #Renewables and how does this compare by historical standards? #Questions #EU #Investment

Africa Investment Forum Renewable energy and natural capital session Head Investment Banking Middle East, Africa, Portugal Citi-Projects can be properly structured to attract private capital, but several macro-economic challenges exist which require multilateral support. There’s a huge electrification opportunity which requires non-government resources leveraging technologies like mini grids, solar home systems. Case studies of successful projects in Africa will bring macro-economic stability and create confidence for private sector to invest which eases access to capital. Investors are looking for returns and sustainability of returns where Africa has done poorly in equity public markets registering the worst IPO performance with a high level of risk, uncertainty, unpredictability, unfulfilled promises, however, Lekela Power (an Infinity Power company) , Nigeria LNG Limited, Indorama Corporation are highly positive stories that need to be replicated. Africa has a premium due to less conducive environment though there’s a macro discount because of great entrepreneurship which requires the right governance to unlock capital since the continent has several growth opportunities. #AfricaInvestmentForum #aif23 #morocco

The European Investment Bank (EIB) is one of the world’s largest financiers of climate action, mobilizing €1 trillion of investments in climate and environmental sustainability projects over the current decade. We employ wide range of financial instruments with an aim to promote energy independence while helping the countries, including the Baltics, to transform into low carbon economies. We are, therefore, happy to announce that today the European Investment Bank (EIB), Nordic Investment Bank and UAB VVP Investment, part of Ignitis Group, have signed a financing agreement for the Mažeikiai onshore wind farm in Lithuania. The investment is executed via #projectfinance structure which is employed to finance 63 MW wind farm consisting of 14 wind turbines, with a combined estimated energy production capacity of more 200GWh a year. Congratulations to all parties involved on the successful closing of this important transaction!  Giedrius Ruskys Jonas Rimavicius Darius Sagatauskas Augustas Dragunas Ruta Lukauskiene Laurynas Jocys Martin Lundström, CFA, Andrea Mac Donald-Thomé, Paweł Kułak https://lnkd.in/dDwe7N3S #Sustainability #GreenEnergy #GreenTransition #EIBGroup #energyefficiency #JustTransition #Cleanenergy #GreenEconomy

FMO, British International Investment back BECIS with $50m loan for Southeast Asia renewables British International Investment (BII), the UK's development finance institution and impact investor, and FMO - Dutch entrepreneurial development bank, the Dutch entrepreneurial development bank, announced a joint loan commitment of US$50 million to BECIS - Commercial Industrial Solutions, a leading energy-as-a-service (EaaS) provider in Southeast Asia. BECIS offers a wide array of services, such as rooftop solar, bio energy and energy efficiency solutions, tailored to meet the diverse needs of businesses and communities across Asia. FMO said in a statement on ... ... read complete story at https://lnkd.in/gZjgPHm5 #renewablenewsasia #renewables #renewableenergy #renewablefinancing #renewablesfinancing #renewable #energy #britishinternationalinvestment #fmo #becis #petromindo