Harith and Anergi partner on Pan-African fund

Africa infrastructure investor Harith General Partners and Anergi Group have partnered to establish the $300 million Pan-African Renewable Energy Fund (PAREF) to accelerate renewable energy adoption across Africa. 

PAREF’s investments will seek to accelerate the execution of renewable energy projects on the continent through innovative development and financing mechanisms targeted at greenfield and brownfield projects. It will also aim to convert high carbon-emitting sources of power supply to less carbon-intensive options, and will accelerate the adoption of value-enhancing power production and storage technologies.

The fund will build on Anergi’s record in developing, financing and executing some of the largest independent power projects in Africa. Anergi’s portfolio comprises five operating assets and a total installed renewable and thermal capacity of 1,413MW across Ghana, Kenya, Nigeria and South Africa.