AIIM to Provide R1.6bn to Support the Establishment of a Renewable Energy Platform

African Infrastructure Investment Managers (AIIM) has agreed to provide initial equity funding of R1.6 billion to support the establishment of NOA Group Holdings to deliver net-zero energy solutions for Africa. Over time, NOA aims to develop, finance, and operate a portfolio of more than 1GW of renewable energy assets. Initial funding will be used to conclude the construction of existing projects and achieve financial close on projects amounting to almost 100 MW.

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