NEoT Capital announces a new partnership signed with EDF and Meridiam to launch its new investment platform: NEoT Offgrid Africa.
The objective of the platform is to invest hundreds of millions of euros over the next five years in distributed renewable energy projects in Africa. The platform provides a solution to the challenge of replacing traditional, polluting electricity generation methods (oil lamps, diesel engines, etc.) with clean solutions (solar power + batteries).
The market is estimated to be worth several billion euros, and has become more accessible thanks to some recent technological advances, especially batteries and the digital economy (mobile payment technologies in particular). NEoT Offgrid Africa will invest in projects that serve both consumers and businesses (industrial facilities, telecom towers, commercial buildings, hotels, etc.). Indeed, the facts are striking:
NEoT Offgrid Africa will invest in projects delivered in partnership with developers of projects and technologies. In addition to financial support, it will also provide strategic support, working closely with its leading investors:
NEoT Offgrid Africa will be up and running before the end of 2017, as soon as regulatory authorization is obtained.