USD 116 million for renewable energy projects in Sub-Saharan Africa
Frontier Energy II, an investment fund focused on developing, constructing and operating renewable energy projects in Sub-Saharan Africa, has achieved its first closing of USD 116 million from private investors and development finance institutions, including OeEB.
More than 600 million people in Sub-Saharan Africa don't have access to electricity. By mobilising the region's renewable energy potential, Frontier Energy will make an important contribution to improving energy supply.
The fund starts with a portfolio of 20 projects in East Africa under development, totalling 448 MW within hydro, solar, geothermal and wind.
For more information read the full Press Release