ISA, Africa50 Plan To Invest $200 Mn In Africa Solar Facility

ISA And Africa50 Plan To Invest $200 Mn In Africa Solar Facility

The International Solar Alliance (ISA), recently sought public expressions of interest (EOI) from entities to become investment managers for ISA’s proposed Africa Solar Facility (ASF). ISA has entered into exclusive discussions with Africa50 to act as the ASF’s investment manager in pursuit of this project.

The ASF is one of the first regional facilities under ISA’s Global Solar Facility (GSF), providing financing to help accelerate the deployment of distributed solar projects across regions. It aims to invest $200 million, launched by the ISA, to provide cost-effective financing solutions. This financing is intended to mobilize investments for distributed solar projects in Africa. Currently, this is an underserved segment due to small ticket sizes and high perceived risk, despite its critical role in accelerating access to clean energy for millions.

Africa50 is a leading pan-African infrastructure investor and asset manager, with a $ 8bn project value and has mobilized more than $4bn in external funding for African infrastructure. With 32 African countries, the African Development Bank and two African central banks as its shareholders, its strong convening power coupled with its unique project development expertise, and proven track record of identifying, developing, and implementing investments across Africa distinguishes it.

The ISA and Africa50 have seen synergies and subject to successful conclusion of their discussions and formalization of necessary arrangements, it is expected that Africa50 will be appointed as the ASF’s investment manager.

About Africa50: 

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Africa50 is an infrastructure investor and asset manager that develops and invests in bankable projects, public sector capital and aims to mobilize private sector funding, with differentiated financial returns and impact. Africa50 currently has 35 shareholders, comprised of 32 African countries, the African Development Bank, the Central Bank of West African States (BCEAO), and Bank Al-Maghrib. 

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