With an investment of USD 5 million in Frontier Energy II K/S – a fund providing equity capital for renewable energy projects - OeEB contributes to improving Sub-Saharan Africa's energy supply.
Around 620 million people in Sub-Saharan Africa do not have access to electricity. Although the region has a big potential for the use of renewable energy sources, it has so far remained largely unexploited.
The aim of Frontier Energy II is to improve Sub-Saharan Africa's energy supply by mobilising the region's promising renewable energy potential. In doing so, the fund mainly cooperates with local project developers and provides not only equity capital but also know-how for the implementation of energy projects.