With a target size of USD 200m, Metier Sustainable Capital International Fund II is the second investment fund for renewable energies and sustainable infrastructure of the South African manager, Metier.
The fund is targeting between 8 and 12 investments in projects all over Africa in the renewable energies and sustainable infrastructure sectors (water treatment, waste treatment…).
Significant impacts are expected for the MSCF fund in terms of effects on the climate and development:
- The investment fund should allow a reduction of 4.4 million tons of CO2eq during the lifespan of the projects (i.e. 220,140 tons of CO2eq a year over a total of 21 years); in the portfolio, the two hydropower projects in Kenya and Uganda should improve access to clean energy for some 400,000 people.
- The projects should support over 1,700 jobs in the companies invested in, including over 400 jobs for women. In addition to these figures, a total of over 9,000 people will be employed for the construction of the projects. The companies invested in are encouraged to devote 2% of their payroll to training and, more generally, should make a significant contribution to the tax revenues of the underlying countries.
This information is given at the time of signature, without prejudice to any developments in the operation/project