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Fund commits €10m for clean energy in southern Africa

The Global Energy Efficiency & Renewable Energy Fund (GEEREF) will commit the funds to the ‘Evolution One Fund’ that is dedicated to clean energy investment in Southern Africa.
The fund will target power generation from renewable energy technologies, energy efficiency as well as sustainable water purification, waste management and recycling. The focus will be on micro-enterprises, small, medium and broad-based economic empowerment.

“We are particularly pleased that GEEREF’s second investment reaches the African continent,” saysCyrille Arnould of GEEREF. “It will support South Africa’s efforts to move away from fossil energy and set a precedent for others to follow.”

Evolution One Fund is a private equity fund managed by Inspired Evolution Investment Management of South Africa, and focusses on clean technologies where environmental and social issues make them “vitally important drivers of economic development,” it explains.


Additional information:
News date: 27/01/2010

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Comments and remarks to Wim Jonker Klunne

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