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Climate Investor One (CI1), the inaugural facility managed by the Climate Fund Managers (CFM), has entered into a deal with Empower New Energy to support the development of 100 MW of solar projects in Africa.
The newly-signed development funding agreement will involve projects for commercial & industrial (C&I) customers across 10 African countries.
Empower is an international impact investment company that has established a global network of developers, pipeline projects and identified off-takers. It targets solar investments in countries such as Egypt, Ghana, Kenya, Morocco and Nigeria, as well as Cameroon, Ivory Coast, Rwanda, Senegal, Sierra Leone and Zambia.