The African Development Bank Group (AfDB) will invest an additional $60m to $70m in Sub-Saharan Africa -based private equity fund ARCH Africa Renewable Power Fund ( ARPF ). It is hoped AfDB 's investment will prompt an additional $60m to $70m of additional equity as the African energy market seeks more risk capital. ARPF will provide equity for the development and construction of 10 to 15 greenfield renewable energy projects in Sub-Saharan Africa, adding around 533MW of installed energy generation capacity from renewable sources in the region. Renewable energy projects, including wind, solar, hydro, geothermal and biomass across sub-Saharan Africa are set to benefit from the AfDB investment, while ARPF said it will focus its an additional $60m to $70m on projects that have a clear timeline to completion and that aim to de-risk early-stage greenfield schemes.
The African Development Bank Group (AfDB) will invest an additional $60m to $70m in Sub-Saharan Africa -based private equity fund ARCH Africa Renewable Power Fund ( ARPF ). It is hoped AfDB 's investment will prompt an additional $60m to $70m of additional equity as the African energy market seeks more risk capital. Renewable energy projects, including wind, solar, hydro, geothermal and biomass across sub-Saharan Africa are set to benefit from the AfDB investment, while ARPF said it will focus its an additional $60m to $70m on projects that have a clear timeline to completion and that aim to de-risk early-stage greenfield schemes.