After Oyass Capital, Senegal’s Sovereign Wealth Fund launches REEF fund for renewable energy
After the call for international bids to select a fund manager for Oyass Capital, the Senegalese Sovereign Wealth Fund (FONSIS) is in the process of setting up the Renewable Energy and Efficiency Fund (REEF).
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▪ After Oyass Capital, Senegal’s Sovereign Wealth Fund launches REEF fund for renewable energy
▪ After the call for international bids to select a fund manager for Oyass Capital, the Senegalese Sovereign Wealth Fund (FONSIS) is in the process of setting up the Renewable Energy and Efficiency Fund (REEF).
▪ https://www.africabusinessplus.com/en/808866/after-oyass-capital-senegals-sovereign-wealth-fund-launches-reef-fund-for-renewable-energy/
This vehicle aims to accelerate the transition to a greener and cleaner energy mix. The Renewable Energy and Efficiency Fund (REEF) will be used to finance renewable energy, energy storage and energy efficiency projects. “With a target size of €109 million, which will be deployed in Senegal and countries in the sub-region, REEF will be managed like Oyass Capital by an international standard fund manager. The investment strategy is currently being finalised. It will make it possible to set the investment terms, the entry tickets and the duration in particular,” Papa Demba Diallo, Director General of Sovereign Wealth Fund (FONSIS), told Jeune Afrique Business+.
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