This closed-end fund aims to mobilise and scale private investments specifically targeting the Commercial and Industrial Solar (C&I) sectors in the region. In addition, FUEL will explore investment opportunities in related areas such as E-Mobility and Renewable & Clean Technologies, including innovative solutions like mini and hybrid grids.
FUEL sets itself apart in the growing green market by leveraging Nithio’s extensive experience in clean energy investments. Federica Ippoliton, Investor Relations Associate at Nithio, stated, “Our commitment to sustainable energy solutions has driven the establishment of FUEL, which will enhance investment strategies in Sub-Saharan Africa by significantly reducing investor risk through our proprietary AI-powered Risk Analytics Engine.”
This advanced analytics engine provides essential insights into customer creditworthiness and portfolio health, thereby enhancing investor confidence. These capabilities are crucial for unlocking private capital and improving the bankability of developers, effectively addressing the traditional barriers that hinder energy investments.
Building on the successes of Nithio’s existing investment vehicle, the Facility for Adaptation, Inclusion and Resilience (FAIR), FUEL is expected to drive growth within the green economy. Although financial models are still being finalised, Nithio’s previous initiatives have already improved energy access for over 434,673 individuals and supported enterprise activities for more than 19,431 people, while avoiding more than 1,616,915 metric tons of CO2 emissions.
“Our current priorities involve structuring the fund and collaborating with key stakeholders to ensure regulatory compliance. The fundraising phase is an important opportunity for new engagements and relationships,” said Federica. This strategic focus is consistent with Nithio’s vision of developing a robust energy infrastructure in the region.
As the fund is set to be registered in Mauritius, Nithio is proactively collaborating with fund advisors to address potential regulatory changes. This proactive approach ensures that FUEL remains adaptable to future legislative developments, securing its operational sustainability in the long term.
To enhance its success, Nithio is leveraging the networks of its investors and exploring collaborations with initiatives like Africa’s Green Economy Summit (AGES). Federica noted, “AGES presents a valuable opportunity for the soft launch of our fund, facilitating initial interest and the establishment of strategic connections for effective fundraising.”
Through careful planning and a strong commitment to sustainable practices, Nithio aims to make a meaningful contribution to the energy landscape of Sub-Saharan Africa, fostering a more sustainable future for the region.
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