EEP Africa Kick-starts African Utility Week with an Investor Forum
The Investor Forum is an EEP Africa flagship event that brings value to both investors and project developers.
13 May 2019, Cape Town, South Africa – EEP Africa organised a successful matchmaking session for investors and renewable energy companies in Cape Town on Monday. Held one day before the start of Africa Utility Week (AUW), this event brought together local, regional and global investors and EEP Africa-supported companies to spur follow-on investments in the clean energy sector. Investors representing venture capital, impact finance, private equity, DFIs and financial institutions participated in an afternoon of project pitches, matchmaking and deal flow identification.
“With this latest Investor Forum, EEP Africa is once again demonstrating its vital matchmaking role in early stage clean energy financing,” proclaimed Leena Klossner, Vice President and Acting Managing Director of the Nordic Development Fund (NDF), in her welcoming address. “EEP Africa is a key piece in NDF’s green growth financing portfolio and strongly demonstrates our readiness to take early stage risk in the clean energy sector in Africa. We are so pleased to see such strong participation from companies and investor partners who share these goals.”
Strong cooperation and partnerships are critical for the clean energy sector to contribute to sustainable green growth and accelerated climate action. Farai Kanonda, Regional Operations Manager for Energy and Infrastructure at the African Development Bank (AfDB) delivered a keynote address to kick off the event, calling for renewed partnerships among the participants in the room and highlighting key AfDB initiatives in the clean energy space including the newly launched Financing Energy Inclusion Off-Grid Energy Fund.
The Investor Forum is an EEP Africa flagship event that brings value to both investors and project developers. Investors looking to identify deal flow opportunities gain access to a pre-screened pipeline of clean energy projects from the broad EEP Africa portfolio. Project developers with proven business models and projects poised for scale-up get the opportunity to start a conversation with potential investors. The Cape Town Investor Forum brought together 40 investors and project developers to unlock additional investments in the renewable energy sector in Africa.
For more information, contact info@eepafrica.org
About EEP Africa
EEP Africa is a multi-donor fund hosted by the Nordic Development Fund (NDF) that provides early stage grant and catalytic financing to innovative clean energy projects, technologies and business models in 15 countries across Southern and East Africa. EEP Africa aims to support countries in the region towards the realisation of a climate resilient, zero-carbon future. Since 2010 EEP Africa has been at the forefront of efforts to fast track clean energy access and sustainable and inclusive green growth, channelling more than EUR 70 million to 250 pioneering projects leveraging clean energy technologies and business models to transform lives and livelihoods for the very poor. Funding for EEP Africa is provided by Austria, Finland and NDF. Implementation support is provided by KPMG.
