Africa Renewable Energy Fund II closes US$155m funding round

AFRICA – Berkeley Energy’s Africa Renewable Energy Fund II (AREF II) has closed €130 million (US$155m) in new funding round to focus on the development, construction, and operation of renewable energy assets and technologies across Sub-Saharan Africa. Berkeley Energy is a leader in the development and operation of clean energy projects across emerging markets. €15 million (US$17.93m) of the investment in the new AREF II Fund came from a subsidiary of Agence Française de Développement (AFD), Proparco, while other development finance institutions also contributed including CDP, CDC, FMO, Swedfund, Sustainable…

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