Energy access

Afrigeen Debt Impact Fund has invested €15m through a senior secured financing facility for SolarX, a solar solutions developer and operator for commercial and industrial customers in West Africa.

Alotta, which has developed floating solar solutions, has raised NOK 63.5m and announced a power purchase agreement with Chilean salmon farmer Mowi Chile.  

Norfund has joined AIIM’s IDEAS Fund and the Mahlako Energy Fund to launch Anthem, a large-scale renewable energy platform which integrates several businesses and projects covering wind, solar PV and a hydroelectric plant.

The New York-based impact investor said the initiative is the first to bring together public, private, and philanthropic partners to support a model that delivers electricity to local communities.

The funding will support the roll-out of mini-grids powered by clean and affordable energy sources across the West-African country, where 90 million people have no access to electricity.   

The fund aims to use blended structures to help mobilise private investment in green infrastructure projects across Africa.

The investment was made into Asterion-owned AMP Clean Energy to support the next phase of the company’s growth and decarbonisation strategy.

Octopus Energy’s generation arm has partnered with Pembani Remgro Infrastructure Managers on a new fund to invest into clean energy solutions on the African continent.

The Danish early years teachers’ pension fund has invested into Danish SDG Investment Fund II, which aims to make 20 investments across Africa, Asia and Latin America in support of the green transition and improving social conditions.

The French impact investor has made an inaugural investment Zimbabwe’s NeedEnergy to support the African smart and clean energy sector.