Inspired Evolution has signed a deal to invest up to USD36-million in Alten RE Developments Africa, the sub-Saharan Africa-focused subsidiary of Alten Energías Renovables. The investment by Inspired Evolution’s Evolution II Fund will scale Alten Africa’s existing solar PV development platform across sub-Saharan Africa. The company offers Evolution II Fund investment opportunities in 225 MWp of construction-ready and advanced projects in three of its priority countries with an additional 400 MWp pipeline of opportunities underway in select targeted countries within the region. The partnership initially aims to bring up to 500 MW of construction-ready, advanced and pre-permitted solar PV projects into operation. Three projects are advanced: the construction-ready Hardap Project, a 45,45 MWp solar PV project located near Mariental in Namibia on track to reach financial close by 31 January 2018; the 51,5 MWp Kesses 1 Project in Kenya, in the final phase towards financial close by May 2018; and the 125 MWp Middle Band Solar One Project in Nigeria, with a signed power purchase agreement and moving towards closing.
Contact Christopher Clarke, Inspired Evolution, Tel 021 702-1290, email@example.com
Source: EE plublishers