Greenstone Equity Partners, a fund placement firm in the region, has teamed up with Timu Energy Holdings, a Mauritius-based investment company, to raise capital from GCC investors for the development of clean energy projects in Africa.

The new partnership aims to attract GCC investors to invest in clean energy projects in Africa that require more than $28 billion in new investments each year simply to meet the growing demand for power across the continent.

Timu seeks to raise $20-25 million for investing exclusively in clean energy; which includes solar, hydro, wind, geothermal, LNG power, biomass projects and others.  Most investments are likely to be primarily located in high-growth countries with the largest and fastest growing economies.

“With a population of over one billion, Africa represents a huge opportunity for investors who are eager to invest their capital on a long-term high-yield investment basis,” said Omar Al-Gharabally, president of Greenstone Equity Partners.

“With its promising economic outlook, aggressive infrastructure development, population growth and stable political situation, Africa is one of the best places in the world to invest. We recognise these promising market trends and we encourage our investors to direct their investments into one of the fastest growing markets globally,” he added.

“Africa is presently growing at faster economic rates than many of the well-established developed countries, offering potential for significant growth. Thus, investing in Africa provides the emerging market exposure that investors are seeking, while Timu’s adherence to project finance structures and milestones provides the comfort of a lower underlying credit risk,” said Sollie Nortje, chief executive officer at Timu Energy Holdings.

“With a portfolio of up to three energy projects per year, we aim to offer our investors attractive return rates over the period of their investment.”

Timu Energy Holdings is a joint venture between Harith Partners, one of Africa’s largest and most successful infrastructure investors. – TradeArabia News Service