Serengeti Energy
Introduction
Serengeti Energy is an independent energy producer that develops, builds, owns and operates renewable energy projects in sub-Saharan Africa.
Swedfund's investment contributes to increased production and access to electricity, reduced carbon emissions and the implementation of international sustainability standards in the sector. Serengeti Energy develops and operates small-scale hydro, solar and wind power in countries such as Kenya, South Africa, Uganda, Rwanda and Sierra Leone.
Read more in our press release: Large investment for renewable energy capacity buildout in Africa
Facts
SDGs 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
Access to renewable energy is a crucial factor for economic growth and poverty reduction. Today, around 750 million people lack access to electricity, three quarters of whom live in sub-Saharan Africa and the least developed regions of Asia.
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 jobs and other income-generating opportunities locally.
ESG
We are working closely with the company to, among other things, develop and implement an environmental and social management system that has the capacity to manage and mitigate environmental and social risks associated with the sector.
Additionality
Our investment is financially additional as we invest in difficult contexts where access to capital is limited, poverty rates are high and the business climate is challenging. It is also 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.