Status : Active Phase : Under appraisal Reference: 20130673 Release date: 01 April 2014 Location : Africa Sector(s) : Services Proposed EIB finance (Approximate amount) : EUR 15 million Total cost (Approximate amount) : EUR 150 million Promoter Financial Intermediary : The Fund will be managed by its General Partner, Africa Renewable Energy General Partner L.P., and by its manager Berkeley Energy Africa Limited, both based in Mauritius. Both the General Partner and the Manager belong to the Berkeley Energy group, established in 2007 for the purpose of investing into renewable energy infrastructure in emerging markets. Description : The operation concerns a participation in the Africa Renewable Energy Fund, a closed-end private equity fund established for the purpose of making equity and quasi-equity investments in renewable energy projects across sub-Saharan Africa (excluding South Africa). Within this sector, the Fund plans to focus on small hydro, wind and solar projects, whilst remaining open to opportunities in geothermal, stranded gas and captive biomass technologies. Objectives : The Fund plans to make between 8 and 12 investments in renewable energy projects throughout sub-Saharan Africa (excluding South Africa), targeting controlling positions in medium size projects in all development stages, with an energy output between 5 and 50 MW. Environmental aspects : The Fund%s operational guidelines will provide for environmental and social due diligence of all projects, according to guidelines acceptable to the EIB. Procurement : The Fund will be required to ensure that implementation of the underlying projects is done in accordance with the EIB Guide to Procurement. Status : Under appraisal - 01/04/2014.
Project completion date : 2015-04-30 12:00:00
Major organization : BERKELEY ENERGY AFRICA LIMITED
Address : One Kingdom Street 4th Floor London, UK W2 6BD United Kingdom Website : http://www.berkeley-energy.com/
Country :United Kingdom
Financier : European Investment Bank (EIB),
Financier address : Financier : European Investment Bank 98-100, boulevard Konrad Adenauer L-2950 Luxembourg Website : www.eib.org/ Tel : (+352) 43 79 1 Fax : (+352) 43 77 04