Power is Transformational

Access to stable, high-quality, and clean power is foundational to economic and social development. 600M Africans (52%) still lack power access. In its absence, economic growth slows and health & education outcomes decline.

• Reduced business productivity
• Fewer study hours (ends at dark)
• Higher school drop-out rates
• Fewer health services available

Powering Rapid Growth

The second most populous continent is extremely young and growing rapidly. Its economies are getting stronger, and with over $500B needed to meet its power goals, Africa’s power need is enormous and getting bigger.

• Fastest growing population
• 43% under the age of 15 ^[1]
• Fastest growing GDP (East Africa)
• GDP/capita growing 5% per year ^[2]

Fund Overview

Fortis Green Renewables Green Fund I (“Fund”) will provide capital for small-scale renewable energy assets in Sub Saharan Africa (”SSA”), with initial focus on East Africa. The SSA power sector is poised for rapid growth over the coming decades. As the region seeks to increase power production and access, many African countries – especially those in East Africa, and particularly Kenya, Uganda, and Rwanda – have committed to increase capacity via renewable and sustainable sources such as hydro, solar, wind, and biomass. ^[3] Access to stable and high-quality power is foundational to both economic and social development. The Fund has an initial focus on small-scale run-of-the-river hydropower assets, which have been a primary driver of rural African electrification and is attractive due to its return potential coupled with limited negative environmental and social impacts. The Fund will invest across the development cycle in assets under development and operational assets, both of which present unique and potentially competitive return profiles.