LEREKO METIER SOLAFRICA FUND I
Status: Approved investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Solafrica Thermal Energy is a 50 MW concentrated solar thermal power plant that will be constructed in Northern Cape Province, South Africa. FMO's participation in this investment is done through Lereko Metier Solafrica Fund I.
What is our funding objective?
The Access to Energy Fund's equity will be used in the construction of the Solafrica project. The project uses innovative technology to generate energy based on renewable sources.
Why do we fund this investment?
Solafrica contributes positively to the energy mix in South Africa, which is currently still heavily geared towards coal-fired power. This renewable energy project fits well with FMO's access to energy focus.
- Website customer/investment
- http://www.metier.co.za
- Region
- Africa
- Country
- South Africa
- Sector
- Energy
- Effective date
- 11/22/2018
- Total FMO financing
- ZAR 14.27 MLN
- Funding
- AEF-I
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+