South Africa

South Africa

Clean energy projects get funds

SOUTH AFRICA: The Global Energy Efficiency & Renewable Energy Fund is to commit EUR10 million to clean energy investment in South Africa, including renewable energy projects.

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The money will be channeled through the Evolution One private equity fund managed by South Africa's Inspired Evolution Investment Management.

Investments will focus on micro-enterprises and efforts to reduce dependency on fossil fuels. The renewable energy fund provides risk capital to boost private investment in energy saving and renewable energy in developing countries.

It is supported by the EU, Germany and Norway, and advised by the European Investment Bank and the European Investment Fund.

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