Region: rAREH wins Nordic investment


Issue 353 - 15 Sep 2017 | 1 minute read

The Nordic Development Fund and Norfund have approved a total of $19m of equity investments in responsAbility Renewable Energy Holding (rAREH). Other investors in rAREH are Germany’s KfW and Zurich-based asset manager responsAbility Investments AG. rAREH was created in December 2013 with the goal to invest in and co-develop small- and medium-sized renewable energy projects up to 50MW in sub-Saharan Africa at various stages of the project life cycle, from development and construction to operations. The current portfolio comprises 14 projects totalling about 160MW in development across the region.

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