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Schneider Electric and DFIs jointly back new Euro 54.5mln energy fund

Image Credit: Africa Independent Television

French power company Schneider Electric has teamed up with a number of DFIs, including CDC, PROPARCO and the European Investment Bank to set up the Energy Access Venture Fund, a Euro 54.5 million private equity fund which will invest in 5-year instruments for up to 20 African SMEs delivering electricity infrastructure for up to 1 million first-time power consumers on the continent.

Read more at Out-Law…

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