British International Investment

Africa Renewable Energy Fund II

AfricaAngolaCameroonKenyaZambiaAfricaCentral AfricaEast AfricaSouthern AfricaFood & AgricultureInfrastructureManufacturing

Africa Renewable Energy Fund II (“AREF II”) is the second Africa focused renewable energy fund being raised by Berkeley Energy Africa. Berkeley Energy, founded in 2007, is a renewable energy developer and investor with presence in Africa and Asia. Berkeley built its experience across a range of renewable technologies including wind, solar, hydro and battery storage solutions for utility scale projects, as well as a distributed generation strategy focused in Asia. Berkeley launched its Africa business in 2014 leveraging this experience in Asia. British International Investment has a long relationship with Berkeley Energy after investing in Berkeley’s first fund, the Renewable Energy Asia Fund (“REAF”) in 2011, and subsequently supporting AREF I (“Fund I”) in 2014.

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $36.68m Food & Agriculture, Infrastructure, Manufacturing June 2021 Active

Investments made by this fund into companies:

Investment name Country Region Sector Start date Status
Angola Hydro Angola Central Africa Infrastructure December 2021 Active
BECS C&I Kenya East Africa Food & Agriculture December 2022 Active
Dibombe Cameroon Hydro Cameroon Central Africa Infrastructure December 2021 Active
Energy Storage Africa Africa, Malawi Africa, Southern Africa Infrastructure December 2021 Active
Mutinondo Luchenene Zambia Southern Africa Infrastructure March 2023 Active

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