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ICFA 2018 Cohort Member Empower New Energy Partners with Climate Fund Managers and Norfund to Accelerate Solar Investments in Africa

By 5th. October 2022No Comments

September 29th,  2022 – Empower New Energy partners with Climate Fund Managers B.V. and Norfund in a USD 74m deal to accelerate solar investments in Africa.

Last week at the Africa Renewables Investment Summit (ARIS) Empower New Energy signed a landmark agreement with the consortium led by Climate Fund Managers, manager of Climate Investor One.

“This new investment capital will enable Empower and our project partners to solarize more than 50 African companies, reducing electricity costs and CO2 emissions and creating thousands of local jobs. This is the largest single capital raise in Africa’s solar C & I (Commercial and Industrial) market so far”, said Terje Osmundsen, Founder and CEO of Empower New Energy.

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