Frontier Energy II Alpha K/S
Introduction
Frontier II has a broad focus on renewable energy investments in sub-Saharan Africa, with a particular emphasis on East African countries such as Kenya and Uganda. Investments are made in wind, hydro and solar power as well as geothermal energy.
Swedfund's investment contributes to increased production of renewable energy and to support sustainable economic development in a region with limited access to electricity.
Co-investors include BII, Proparco, SIFEM, BIO, OEEB and FMO.
Facts
SDG in focus
No Poverty
End poverty in all its forms everywhere.
Decent Work and Economic Growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
Climate Action
Take urgent action to combat climate change and its impacts.
Sector
Energy & Climate
Within the Energy & Climate sector, Swedfund only invests in renewable energy sources. The expansion of sustainable energy supplies requires a broad approach and innovative solutions.
Value creation
Our Impact
The investment contributes to increased production and access to electricity, reduced carbon emissions and the implementation of international sustainability standards in the sector. Furthermore, the investment is expected to contribute to job creation and other income-generating opportunities locally.
ESG
We are working closely with the fund manager to, among other things, develop and implement an environmental and social management system to manage and mitigate environmental and social risks associated with the sector.
Additionality
Our investment is financially additional as it is made in challenging contexts where access to capital is limited, poverty rates are high and the business environment is difficult. The investment is further expected to help mobilise capital. The investment is value additional through a strong focus on active value creation during the investment phase, where environmental, sustainability and corporate governance issues are prioritised.