Sub zero panel installation10/10/2023 Inspired Evolution established the Evolution I Fund in 2008 and it was Africa’s first dedicated clean energy infrastructure and environment sector fund. The firm focuses on key climate-driven principal investment themes, namely clean energy infrastructure, energy access, energy and resource efficiency, and the value chains that support them. Inspired Evolution has been involved in financing the development and operations of more than 2 GW of renewable energy infrastructure-type generation projects and multiple growth equity investments across Sub-Saharan Africa since 2007. Inspired Evolution Managers Limited, a Pan-African climate-centered private equity firm specializing in clean energy infrastructure and energy and resource-efficiency growth investments, has been playing a key role in the financing space. This drive will obviously require substantial resources from all key stakeholders in terms of financing. Renewables in the C&I as well as in the utility-scale sector will play a key role in this quest, given the abundance of solar and wind resources on the continent. Other startling statistics that have been reported in several platforms include the fact that the per capita consumption of energy in sub-Saharan Africa (excluding South Africa) is just 180 kWh, compared to 13,000 kWh per capita in the United States and 6,500 kWh in Europe per annum.Īll of this means that for most African nations to really grow their economies and lift the majority out of energy poverty and more importantly, drive productivity, and industrialization, there will need to be a quantum leap in the installation of new generation capacity as soon as possible. The fact that over 600 million people in Africa still lack access to electricity and that the continent as a whole has one of the lowest electrification rates in the world at an average of just 40% has been well documented.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |