Light up & Power Africa-Green
Energy: Enabling Africa to Achieve
Zero Emissions
Third Japan Africa Business Forum1About Africa50
HEADQUARTERS
TUNISIA

MOROCCO• Shareholders:• 28 Shareholder countries• African Development
Bank• 2 African central banks

EGYPT

MAURITANIA
NIGER

MALI

SUDAN
SENEGAL
T HE G AM BIA

BURKINAFASO

DJIBOUTIGUINEANIGERIASIE RRALE O N E

BENIN

COTE
D’IVOIRE
GHANA

TOGO

CAMEROON• 2 Investment vehicles:

KENYA
GABON

• Project Development• Project Finance

CONGO

DEMOCRATIC
REPUBLIC
OF THE CONGORWANDASHAREHOLDERCOUNTRIES• Portfolio investments
include solar andhydropower assets

ZIMBABWEM ALAW I

MAURITIUS

2

Africa Needs the Right
Energy Mix as it Transitions
to Net-Zero• Baseload power• Choice of available
energy resources• Support
industrialization,social welfare, andeconomic growth3

Africa :Immense Potential for
Renewable Energy4Africa’s Vast Renewables
Potential• Renewables already accountfor over 50% of new energy
generation in Africa• Can be greatly expanded, led
by solar, with wind,geothermal, and hydropower
offering great potential• African nations are highlycommitted to addressing
climate change.

Biomass energy
Geothermal energy
Hydropower
Maritimeenergy
Solar power
Wind power

Renewable energy potential by region (2014)
Source: International Renewable Energy Agency (IRENA)

5Renewable Energy
Project Example:

BENBAN SOLAR POWER PLANTS
EGYPT

Six solar power plants
totaling 400 MW

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BENBAN 400 MW SOLAR PV PLANT
Africa50-Project Development
About the project••••

Portfolio of six solar power plants totaling 400 MW which is part of the Benban solar park, one of the largest in the world with anaggregate capacity of c. 1,500 MW
Project operated since 2019 under 25-year power purchase agreements with the national transmission company
Africa50 has a 25% equity stake alongside Scatec and Norfund
Total project costs of around USD 450 millions

Impact•••

The plants will produce about 900 GWh of power per year, avoiding 350,000 tons of CO2 emissions annually
Employment opportunities : up to 2,000 during construction and 50 during operations for the projects, and up to 10,000 during
construction and 250 during operations for the Benban complex
As the first IPPs in country since the late 1990s, the project contributed to improve investor confidence in the country and let to several
additional solar and wind IPPs being procured at very competitive conditions

Equity partners

Lenders7

Strong focus on Sustainability and Impact with agreed targets

Focus
Commitment to ESG and Development Impact
Africa50 will continue investing in portfolio companies whose activities
intentionally positively impact external stakeholders over the long-term,
contribute to solving problems in society, and help achieve the UN
Sustainable Development Goals.

In the next 3 years we will focus on better access to cleaner energy
through an increase in generation capacity, reliable internet connectivity,
and transport infrastructure throughout the continent.
ESG Integration with our Investment Process
by investing sustainably, we will continue to embed an ESG culture in
Africa50 and be intentional about how ESG risks are managed to create
development impact and shareholder value.
Impact measurement and monitoring
Our ESG management and impact measurement and monitoring systems
will enable performance tracking at Africa50, aggregated portfolio, andindividual portfolio company levels. Actual targets to be set by the end of2021.

Potential Measures (aggregated portfolio)
Energy access  Total power generation capacity/
number of households served Number of connections created Length of transmission lines built
Genderdiversity

 Gender diversity of direct jobs
createdInternetconnectivity

 Length of fibre-optic backbones

Climate Net zero CO2 emissions

Transport

 Number of airports/passengers
 Number of connected countries

built Number of user connections

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Opportunities aboundCreative, determined investors and firstmovers will find fertile ground in Africa

9Thank you for your attention
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