Project detail - EVOLUTION II (MAURITIUS) NO. 2 LP

EVOLUTION II (MAURITIUS) NO. 2 LP

Status: Approved investment
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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

Evolution II (Mauritius) No 2 LP (Evolution II) is a private equity fund investing in renewable energy generating assets and energy efficiency projects in Sub-Sahara Africa. Evolution II is managed by Inspired Evolution Investment Management and has reached a first close size of USD75 million in 2016, funded by development finance institutions and developer Quantum Power.

What is our funding objective?

Evolution targets investments which deliver social and environmental benefits as well as financial returns. Evolution II seeks to invest in in clean and sustainable electricity generation and related infrastructure, energy and resource efficiency and the food-energy-water nexus. After a successful first fund that invested in South Africa, Evolution II will move further into Africa,

Why do we fund this investment?

By investing in Evolution II, FMO seeks to address the market need for energy in Sub-Sahara Africa in a sustainable and responsible manner, by increased production of clean energy and use energy more efficiently.

Website customer/investment
https://inspiredevolution.co.za
Region
Africa
Country
Africa
Sector
Energy
Effective date
12/23/2016
Total FMO financing
USD 22.00 MLN
Funding
FMO NV
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)
A