Fortis Green Closes First Round

September 30, 2021

Fortis Green Renewables Investment Management, an investment firm providing capital to small-scale renewable energy assets in Sub-Saharan Africa, recently held the initial close in its Green Fund I. The fund is raising capital from individuals, family offices, and wealth management firms. The fund raised $6m thus far, and overall is targeting $20m.

The Fund will invest in both greenfield and operating assets across the spectrum of renewable energy generation technologies. Jonathan Shafer, Managing Director and Co-Founder, says “600 million people in Africa still lack access to power, and it is largely a matter of woefully insufficient supply. There simply is nowhere near enough power relative to demand. We are excited to address this shortfall via responsible generation technologies while also pioneering a way for American individuals and family offices to invest for both profit and impact in these types of green African infrastructure assets.”

Read full press release

Related News

Green Loan Principles Explained

Green Loan Principles Explained

The Green Loan Principles (GLP) have been developed by an experienced working party, consisting of representatives...