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 . The Board of Directors of the African Development Bank Group has approved an equity investment of up to US$25 million in ARCH Africa Renewable Power Fund (ARPF), a US$250 million private equity fund for renewable energy projects across Sub-Saharan Africa. 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 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 .