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Proparco has invested €15 million in the equity of Voltalia, an independent producer of renewable energy from multiple sources (wind, solar, hydro and biomass).

Proparco's investment is part of a €170 million financing drive and will provide this French business with additional resources to pursue its international development strategy, particularly in developing and emerging economies. It should enable the Group to take its installed capacity to 1 GW by 2019 and to provide around 7 million people with electricity while cutting carbon emissions by 383 ktCO2 a year.

By partnering a French operator in the burgeoning renewable energies sector focused on developing and emerging markets, Proparco is aiming to boost green energy financing and the energy transition in emerging economies as well as improving electricity access for people who have been largely neglected up to now.