EEP Africa Kick-starts African Utility Week with its Investor Forum

13 May 2019, Cape Town, South Africa

EEP Africa organised a successful matchmaking session for investors and renewable energy companies in Cape Town on Monday. Held one day before the start of Africa Utility Week (AUW), this event brought together local, regional and global investors and EEP Africa-supported companies to spur follow-on investments in the clean energy sector. Investors representing venture capital, impact finance, private equity, DFIs and financial institutions participated in an afternoon of project pitches, matchmaking and deal flow identification.

 “With this latest Investor Forum, EEP Africa is once again demonstrating its vital matchmaking role in early stage clean energy financing,” proclaimed Leena Klossner, Vice President and Acting Managing Director of the Nordic Development Fund (NDF), in her welcoming address. “EEP Africa is a key piece in NDF’s green growth financing portfolio and strongly demonstrates our readiness to take early stage risk in the clean energy sector in Africa. We are so pleased to see such strong participation from companies and investor partners who share these goals.”

Strong cooperation and partnerships are critical for the clean energy sector to contribute to sustainable green growth and accelerated climate action. Farai Kanonda, Regional Operations Manager for Energy and Infrastructure at the African Development Bank (AfDB) delivered a keynote address to kick off the event, calling for renewed partnerships among the participants in the room and highlighting key AfDB initiatives in the clean energy space including the newly launched Financing Energy Inclusion Off-Grid Energy Fund.

The Investor Forum is an EEP Africa flagship event that brings value to both investors and project developers. Investors looking to identify deal flow opportunities gain access to a pre-screened pipeline of clean energy projects from the broad EEP Africa portfolio. Project developers with proven business models and projects poised for scale-up get the opportunity to start a conversation with potential investors. The Cape Town Investor Forum brought together 40 investors and project developers to unlock additional investments in the renewable energy sector in Africa.