Investments in Sub Saharan Africa’s expanding sustainable renewable energy sector with development impact.

 

Graduation year for responsAbility Renewable Energy Holding

Following a strenuous start-up phase, responsAbility Renewable Energy Holding went operational with stakes in six power plants and received a vote of confidence from investors that took AuM to USD 120 m.

One of Malawi’s first solar energy projects reaches financial close

Initial site works have begun in Nkhotakota in central Malawi, and construction of the first phase is targeted for completion by March 2020. Once complete, the project will add 46 MW of clean energy to the local power supply.

Capital increase takes rAREH to USD 120 m of AuM

responsAbility Renewable Energy Holding (rAREH) has attracted USD 48 m in new funding from all of its existing shareholders. The capital round has seen assets increase by 65%, allowing the company to further scale its activities of sustainably fighting energy poverty in Sub-Saharan Africa.