This investment was made when British International Investment was named CDC Group.
Expected impact
The fund is expected to contribute towards improved energy access and reduced carbon emissions across sub-Saharan Africa.
Environmental and social aspects
We work closely with the fund manager to help develop and implement an environmental and social management system (ESMS) that has the capacity to manage the higher level of environmental and social risk associated with this sector. This includes regular site visits to investee companies.
Key facts
- Status:
- Active
- Region
:
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa
- Sector
:
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.
- Infrastructure
- Investment type
:
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund manager:
- Inspired Evolution Investment Management
- Start date
:
For direct investments, this is the date British International Investment committed capital to the business or project.
For funds, this is the date that British International Investment committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- May 2017
- Amount
:
For direct investments, this is the total amount that British International Investment has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that British International Investment has committed to the fund.
- $20m
- Domicile
:
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- Mauritius
Investments made by this fund
- Active
- Exited
| Investment name | Country | Region | Sector | Start date | Status |
|---|---|---|---|---|---|
| Alten Africa | Africa | Infrastructure | March 2018 | Active | |
| Alten Hardap | Namibia | Africa, Southern Africa | Infrastructure | March 2018 | Active |
|
d.light
d.light is a global leader in delivering affordable solar-powered solutions. It provides distributed solar energy solutions for households and small businesses. |
Kenya | Africa, East Africa | Infrastructure | December 2018 | Active |
|
Commercial Energy SA
Commercial Energy SA offers a financing platform for commercial and industrial customers looking to use solar power, working with a network of solar power providers. |
South Africa | Africa, Southern Africa | Infrastructure | January 2019 | Active |
|
Gigawatt Global Burundi SA
The Gigawatt Global project is a 7.5 MW solar PV plant in Mubuga, Burundi. The expected interconnection will increase the installed electricity capacity in Burundi by 14 per cent. |
Burundi | Africa, East Africa | Infrastructure | June 2019 | Active |
|
Rensource Holdings Inc
Rensource develops, finances, and manages critical energy infrastructure for African enterprises. |
Nigeria | Africa, West Africa | Infrastructure | December 2019 | Active |
|
Virtus Energy Solutions Limited
Virtus Energy Solutions Limited is a renewable energy infrastructure company sponsored by Rensource Distributed Energy Limited and Solad Holdings Limited. The company operates in Nigeria and uses high capacity stand-alone solar technology to power public and private-sector businesses across the country. |
Nigeria | Africa, West Africa | Infrastructure | December 2019 | Active |
|
Alten Kesses
Alten Solar Power Station, also known as Kesses 1 Solar Power Station, is a 55 megawatt solar power plant under construction in Kenya. |
Kenya | Africa, East Africa | Infrastructure | December 2019 | Active |
|
Red Rocket (Building Energy Africa)
Red Rocket is an integrated renewable energy independent power producer that develops, designs, constructs, operates, and owns utility-scale grid-connected renewable energy projects. |
Africa | Infrastructure | March 2020 | Active | |
|
Escotel Mauritius
Escotel Mauritius invests in solar power generation in African countries. It will initially supply, install, operate and maintain decentralised solar and storage hybrid power systems for a portfolio of around 900 telecom sites in Sierra Leone, Liberia and, over time, the DRC. |
Africa | Infrastructure | November 2020 | Active |
