Investment firm STOA Infra and Energy, specializing in Africa, plans to bring on significant Limited Partners for their Fund II.
In a significant development, a French impact investor, backed by Caisse des Dépôts and Agence Française de Développement (AFD), is set to secure an investment commitment for STOA Infra and Energy's second fund. This fund focuses on medium- to large-sized sustainable infrastructure assets in Africa.
STOA Infra and Energy, an Africa-focused impact investment firm, is renowned for its commitment to sustainable infrastructure, including renewable energy projects like Candi Solar. The firm has previously collaborated with international investors such as Norfund on such projects.
The exact amount of the investment commitment and the timeline for its closing have not been disclosed. However, the French investor's role as a key limited partner (LP) for the fund’s second close underscores its significant involvement.
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The location of STOA Infra and Energy is not provided, and the specific sustainable infrastructure assets the fund aims to back are not specified. The premium content selection is also not disclosed.
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[1] Source: [Link to the original article] [2] Source: [Link to Candi Solar project information] [3] Source: [Link to STOA Infra and Energy's focus on emerging and frontier markets] [4] Source: [Link to STOA Infra and Energy's commitment to sustainable infrastructure] [5] Source: [Link to Norfund's investment in Candi Solar]
- The French impact investor's participation in STOA Infra and Energy's second fund signifies a strategic move that could potentially enhance the finance and business aspects of the sustainable technology-driven infrastructure projects in Africa.
- As technology plays a crucial role in realizing the objectives of renewable energy projects like Candi Solar, investors like the French impact investor, Norfund, and others could potentially drive innovation and efficiency in the sustainable energy sector of Africa.
