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Infrastructure investment firm Harith General Partners, and power company Anergi Group, are backing the fund, known as the Pan-African Renewable Energy Fund . Harith and Anergi have been working together over the past 13 years to develop and invest in African power projects, explained Emile du Toit, managing director of fundraising and liabilities at Harith.
Africa's energy generation is also mostly carbon-intensive. Introducing renewables can help countries adopt cleaner sources of energy and mitigate climate change. There is scope to introduce renewable energy to Africa. The trouble is, investment in renewables in Africa has been low - the fund is also meant to address this and aid the shift to low-carbon energy generation technologies, explained Du Toit.
The fund makes provision for investments in new renewable energy projects, expanding existing renewable projects, or converting thermal projects like coal and gas to renewables such as wind and solar, explained Du Toit. These projects could deliver returns between 10% and 12%.
Fin24 Mxm
Fin24 So funny that the Funders are the ones who buy our Coal in high volume
Fin24 While this Government is listening to their masters....Germany is planning on using their coal🚮
Fin24
Fin24 that is party money for the ANC.
Fin24 What a waste of money for such inefficiency.
Fin24 Africa getting scammed
Fin24 When will there be arrests at Ramsgate PhalaPhalaFarmGate
Fin24 This is what the renewable hoax is all about Raising funds yet as we speak in Europe they are firing up their coal plants again SA still being pushed to raise funds or in other words make loans than create companies used to syphon funds out of SA OperationDudula
Fin24 While our coal is sold to Germany
Fin24 No. We are well aware of the 'green' energy trap being sold to 🇿🇦 among other under developed/poor states. We have plenty of coal, it's cheaper & literally underneath our soil. The west should stop being 'cornered' about Africa. It's through these concerns & aid we are enslaved.
Fin24 📍Phalaphala
Fin24 Anc will steal it.
Fin24
Fin24 How stupid media think we are? You think we dont see that we have to stop coal use so Europe can buy our coal because renewables not enouhh🤔 The hypocricy & one sided reporting of media is sickening! Tell us about Glencore. Prediction: Ppl gonna chase media down streets soon💡🤨
Fin24 Rubbish
Fin24 Oh f*, did they give the money to the government😠😱
Fin24 Great but is this only part of a solution for a stable power supply?
Fin24 Cadres licking their lips for participation
Fin24 While Europe and America are resuscitating old coal fired power stations and are buying more coal. That's rubbish, our strength is coal, their strength is renewable. Let's play to our strengths. They take coal and give us solar. Just like they did 400 yrs ago taking gold for mira
Fin24 And the aNC government is rubbing their greedy fat paws together CyrilRamaphosa
Fin24 They need carbon points...
Fin24 Africa has no use for it. If the US, it's dustbins in the West, and the leaders they've corrupted in Africa can be forced out, this continent needs nothing from slavers in the West.
Fin24 Mara they went back to coal...
Fin24 This is how politicians are waiting for it !!
Fin24 This is another attempt to undermine Africa’s procurement policies and promotion of corruption . Africa hates FREE LUNCHES
Fin24 The cadres will eat.
Fin24 Where is this money coming from.
Fin24
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