The $122m project provides much needed green energy to Djibouti, which relies on fossil fuel imports to supply ailing power stations, and would have been near-impossible to build without using blended finance.
Legatum is the largest private investor in the $100m SDG Outcomes Fund developed by UBS Optimus Foundation and Bridges Outcomes Partnerships. CEO Mark Stoleson explains why they are backing this blended finance structure.
A risk sharing backstop facility supported by the UK government is running alongside credit guarantees provided by Nigeria’s InfraCredit to make local investment in rural mobile networks more attractive.
Investments aim to facilitate the adoption of climate-positive technologies by smaller Indian companies, mitigating carbon emissions in one of the world’s largest and most rapidly developing economies.
CFM, a venture co-owned by FMO, has taken a 32% stake in Release, a Norwegian-owned developer of modular solar energy and battery storage solutions for mines and utilities in off-grid or poorly connected areas of Africa.