Sub-Saharan Africa: $25m fund to back C&I renewable energy projects
An independent private equity fund management Metier, through its most recent Sustainable Capital Fund, has made a substantial investment into Broadreach Energy, in support of C&I renewable energy projects across sub-Saharan Africa.
A joint press release stated that the transaction is centred around Broadreach Energy’s existing commercial, industrial and small-utility scale renewable energy portfolio and operations, and provides a pipeline to invest around $25 million in renewable energy, energy efficiency and related projects across sub-Saharan Africa.
Broadreach Energy was founded in 2014 by a group of like-minded individuals, with a vision to be the bridge between the technical and financial worlds of renewable energy.
The company specialises in building, operating and maintaining clean energy generation and energy efficiency projects for its clients throughout SSA, ranging from stand-alone solar photovoltaic (PV) plants in Namibia and Rwanda to rooftop installations throughout South Africa.
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