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The investment vehicle looks to ultimately raise $350 million for sustainable infrastructure and businesses
InfraCo Africa and Helios Investment Partners (Helios) are partnering to establish a Climate, Energy Access and Resilience (CLEAR) – a pan-African investment vehicle. CLEAR will fixate on climate-focused infrastructure and growth businesses while working toward achieving the UN SDGs.
The new initiative will target the growing demand from domestic and international investors delivering sustainable investment opportunities that help in closing the infrastructure and productivity gap in Africa.
InfraCo Africa and Helios Investment Partners (Helios) are partnering to establish a Climate, Energy Access and Resilience (CLEAR) – a pan-African investment vehicle. CLEAR will fixate on climate-focused infrastructure and growth businesses while working toward achieving the UN SDGs. The new initiative will target the growing demand from domestic and international investors delivering sustainable investment opportunities that help in closing the infrastructure and productivity gap in Africa.
Gilles Vaes, IntraCo Africa’s CEO shared that CLEAR will provide an opportunity for project developers to exit on their projects, keep recycling their development finance, and accelerate the access to inclusive yet clean infrastructure for the continent’s growing population. InfraCo Africa is an investor in Ethiopia’s Corbetti geothermal project.
CLEAR will operate under a pan African mandate leveraging the robust pipeline of projects and growing businesses run by InfraCo Africa and Helios across the themes of green transportation, clean energy and the energy transition, sustainable growth, mobility, and consumption.
The investment vehicle looks to ultimately raise $350 million for sustainable infrastructure and businesses that provide 100,000 new jobs while connecting over 1 million people to power for the first time – saving 100 million tons of carbon emission in the process. CLEAR will operate as a private vehicle with the intent of having it listed within three years of its final close.
The announcement was made in Glasgow at the UK government event on Finance Day of the UN’s COP26 summit. This event enabled investment and policy communities to learn more on Mobilising Institutional Capital Through Listed Product Structures (MOBILIST) competition administered by the UK Foreign, Commonwealth and Development Office.
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