The African Development Bank Limited ( AfDB ) will invest up to $ 25 m in London - based private equity fund ARCH Africa Renewable Power Fund ( ARPF ) . It is hoped AfDB 's investment will prompt an additional $ 60 m to $ 70 m 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 expected to benefit from the AfDB investment , while ARPF said it will spend its $ 250 m 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 up to $25m in London-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 $250m on projects that have a clear timeline to completion and that aim to de-risk early-stage greenfield schemes.