Pele Green Energy

Africa

Region

376.5

Commitment (MNOK)

Active

Status

Pele Green Energy (Pele) is a South African Black Economic Empowerment (BEE) infrastructure and development company co-founded in 2009 by five shareholders with backgrounds mostly from finance and investments. Pele started out as financial BEE investor and has now grown into a locally owned fully integrated Independent Power Producer (IPP) that develops, owns, procures, constructs, and operates renewable energy projects.

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Key information

Sector:
Renewable Energy
Commitment (MNOK):
376.5
Year:
2023
Region:
Africa
Country:
South Africa
Domicile:
South Africa
Instrument:
Equity
Status:
Active
Mandate:
Climate

Additionality Pele Green Energy

This investment is particularly additional on the following ambitions:

  • investing in risky markets
  • investing in sectors with high development needs
  • investing in high risk markets
  • targeting underserved segments
  • mobilising private investors
  • taking an active role in investments
  • improving social and environmental standards