Financing Africa's Green Transition
The Africa Green Transition PPP Fund mobilises public and private capital into clean energy and climate-resilient infrastructure across Africa. It is a Luxembourg-domiciled public-private partnership fund, recognised by the African Union in the declaration of the 5th Specialized Technical Committee on Transport and Energy, and aligned with AU Agenda 2063, AfSEM and PIDA.
We work to close the gap between preparing a project and putting capital into it, so that sovereign-aligned projects reach financial close.
At the Luanda Finance Summit, where AGTPF signed its MOU with AUDA-NEPAD, Chief Executive HE Nardos Bekele-Thomas set out what makes African infrastructure investable.
"When Africa is clear, capital moves. When Africa is structured, partners come. When Africa owns delivery, projects advance."
HE Nardos Bekele-Thomas, Chief Executive, AUDA-NEPAD
Bridging Africa's Climate Finance Gap While Earning Attractive Returns
Africa has the land, the untapped renewable resources and a growing skilled workforce to deliver climate solutions at scale. Yet it receives less than 5% of global climate finance.
Africa has a structural shortage of power, fast demand growth, very low electricity use per person and growing policy and multilateral support for private capital. In that setting, well-structured greenfield projects can earn attractive risk-adjusted returns. That is because in many markets they add first-time or badly needed capacity to undersupplied systems, instead of only replacing old assets. The case is usually strongest for projects with visible offtake, hard-currency protection where possible, and technologies that fit local system needs: solar, wind, storage, gas-to-power in selected markets, mini-grids and C&I distributed energy.
Africa's Renewable Growth Trajectory
Indexed capacity growth (2015 → 2030 projection)
Source: IRENA · AEO 2024
Solar Potential
The continent could generate over 10 TW, far surpassing its projected demand.
Wind Capacity
About 350 gigawatts of untapped wind capacity across the continent, plus large hydro and geothermal reserves
Annual Financing Gap
Africa faces an annual climate financing gap exceeding USD 100 billion to meet its 2030 transition goals
GDP Growth Forecast
Sub-Saharan Africa is forecast to grow by over 4% in 2025 to 2026, faster than most regions of the world, on the back of expanding consumer markets and infrastructure investment.
Where the Opportunity Is Strongest
The investment case for Africa is most convincing when projects are carefully selected and structured, with sound fundamentals and effective risk mitigation. At AGTPF, we focus on opportunities where these conditions come together:
Core Investment Criteria
Clear Supply and Demand Imbalance: Structural energy deficits with immediate and sustained demand for new capacity.
Reform Momentum: Supportive regulatory environments and ongoing sector reforms.
Credible Offtake Structures: Bankable revenue models through utilities, commercial & industrial clients, or concession frameworks.
Currency & Risk Mitigation Mechanisms: Access to hard-currency revenues, hedging structures, or tariff protections.
Multilateral & Institutional Participation: Involvement of DFIs and development partners to improve bankability and reduce risk.
Load-Appropriate Infrastructure Design: Infrastructure designed around actual consumption patterns and system requirements.
Priority Investment Segments
In practice, this means we focus on:
Solar + Battery Storage: Scalable, cost-effective systems suited to Africa's strong solar resource and growing demand for reliable power.
Commercial & Industrial (C&I) Power: Power supplied directly to mining, manufacturing, telecom and logistics businesses, where reliability and cost efficiency are critical.
Mini-Grids & Distributed Energy: Decentralised systems that bring electricity to underserved and rural areas, supporting both access and economic activity.
Utility-Scale IPPs in Reforming Markets: Selective investments in markets demonstrating regulatory progress and improving utility frameworks.
Enabling Infrastructure: Projects that support wider economic activity, including mining and industrial corridors, ports and logistics hubs, telecom infrastructure, and urban and peri-urban load centres.
AGTPF Approach
We do not treat Africa as a single market. AGTPF applies clear investment criteria and focuses on the locations and sectors where risk-adjusted returns are strongest and most scalable.
What Is the Africa Green Transition PPP Fund?
The Africa Green Transition PPP Fund invests in renewable energy infrastructure across Africa. Its objectives align with the African Union's Agenda 2063 and global climate commitments, and it targets attractive risk-adjusted returns for investors. We bring private and public sector capital into clean energy, support regional power pools and back projects that strengthen economic resilience across the continent. We invest on commercial terms and build downside protection into the structure of each investment.
Where We Invest
Utility-Scale Renewable Energy
Projects typically above 50MW, including solar PV, hydro, wind, and hybrid systems with battery storage across Sub-Saharan Africa.
Strategic Infrastructure & Sustainability
Climate-resilient infrastructure, energy for industry, and blended-finance sustainability windows aimed at measurable development outcomes.
Energy Access & Mini-Grid
Decentralised energy systems, mini-grids, productive-use energy and last-mile electrification for underserved communities across Africa.
Grid & Transmission Infrastructure
Regional interconnectors, substations, and cross-border energy trading platforms supporting Africa's power pools under AfSEM.
Anchor and Strategic Partners
CATA Energy
Consortium of multiple EPCs and an asset manager. Spearheads the fund's initiative, focusing on renewable energy project development and sustainability.
AUDA-NEPAD
As a key African Union agency, AUDA-NEPAD ensures the fund aligns with continental goals such as Agenda 2063, focusing on energy integration and sustainable development.
enso GmbH
Austria-based firm specializing in transaction advisory and asset management services in the renewable energy sector, particularly hydropower.
Prime Business Capital
With a proven record in structuring public-private partnerships and mobilizing global capital for frontier markets, PB Capital provides the financial backbone for visionary projects.
Africa Social Security Association
Pan-African body uniting social security institutions across the continent, championing the mobilisation of long-term domestic capital for infrastructure development.
Talk to Us About the Fund
Institutional investors, development finance institutions, governments and project developers can contact the team directly to request the pre-marketing materials.