Summary sheet
- Energy - Electricity, gas, steam and air conditioning supply
- Water, sewerage - Water supply; sewerage, waste management and remediation activities
- Transport - Transportation and storage
Strategic partnership with philanthropic investor and leading climate investors to launch a blended fund catalysing investments in the green energy transition in Africa , in line with the Climate and Energy pillar of the Global Gateway strategy.
The Fund is a blended infrastructure instrument, catalysing private sector investments in Africa's climate infrastructure, that accelerate the green climate transition in the continent. It will finance climate action projects, which directly support the deployment of low-carbon technologies and strengthen local resilience, aimed to accelerate the climate transition in Africa. The African Infrastructure Investment Managers (AIIM) has built a robust pipeline, well diversified across sectors and technologies targeted across Africa (e.g. on and off-grid renewable energy, green hydrogen and derivatives, e-mobility, energy efficiency and storage).
The Fund will be required to have an environmental and social policy and the appropriate management systems in place so as to comply with the EIB's environmental and social requirements. The assessment of the environmental, climate and social impacts and risks will be part of the standard due diligence process that the fund will have to carry out for each portfolio company and any underlying investment and, thereby ensuring that the portfolio and these investments are in compliance with national law and in line with the principles and standards of relevant EU environmental legislation as well as the EIB's Environmental and Social Standards.
The Bank will require that the project is implemented in accordance with the EIB's Guide to Procurement.