UK Climate Investments fulfils commitment, investing R500m in African renewables fund

Pilot investment programme UK Climate Investments on August 18 fulfilled its cornerstone commitment of R500-million to help establish Africa’s first dedicated renewable energy yieldco, which is managed by majority black-owned fund manager Revego Fund Managers. Revego aims to tackle the challenge of a lack of access to electricity in sub-Saharan Africa, and accelerate the deployment of new clean electricity generation capacity by acquiring equity in operational renewable energy projects across the region, helping developers unlock and recycle capital.