E3 Capital and Lion’s Head have announced the $48m first close of the E3 Low Carbon Economy Fund for Africa fund with backing from DFIs FMO, KfW, Swedfund and Proparco.
The SUSI Asia Energy Transition Fund (SAETF), which has received commitments in excess of $100m, has made four investments so far and is set to reach final close shortly.
An estimated £2.2trn is currently invested in sustainable funds with a focus on climate. The Institute hopes to see over half of that invested in a fair and inclusive transition to net zero within the next five years.
Managers of the Federated Hermes Impact Opportunities Fund have invested in STMicroelectronics, a specialist in more energy efficient silicon carbide power electronics for EVs.
The fund has increased its investment in PEF Technologies, a tech firm developing a more sustainable, less energy-demanding alternative to traditional pasteurisation.
New guidance from the Net-Zero Asset Owner Alliance asks for investment in oil and gas projects to be reduced to speed up the energy transition has received a mixed response.
The Article 9 fund will invest primarily in Africa and Asia. US International Development Finance Corporation, Swedfund, Swedish International Development Cooperation Agency and other partners will provide capital and guarantees.
From now on you will receive our newsletter 3 times a week (Tue, Thu and Fri).
Free newsletter. Sign up now
Register your email address and receive our newsletter direct to your inbox.
Offering independent news and analysis about impact investing and sustainable finance.
For free.
