IFC proposes $20m to African renewable energy

The member of the World Bank Group is pushing further into renewables investing.

11 December 2017

International Finance Corporation (IFC) has proposed to invest up to $20 million in equity to Berkeley Energy’s Africa Renewable Energy Fund (AREF).

The proposed commitment comes from the IFC Catalyst Fund, which is managed by the IFC Asset Management Company.

The $200 million AREF focuses on renewables investments in Sub-Saharan Africa area.

Platinum subscribers may click here for the IFC’s full profile, including key contacts, allocation strategy and fund investments.

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