METIER SUSTAINABLE CAPITAL FUND II

Promoter – Financial Intermediary

METIER PRIVATE EQUITY INTERNATIONAL

Location

• Regional - Africa

Description

Fund targeting clean energy and resource-efficient infrastructure in Africa, across project finance, growth and replacement capital investments.

Objectives

The Fund intends to deploy its capital through 8 to 12 transactions with a focus on Southern Africa (including South Africa) with an expected share of about 55%. Target sectors are grid-tied renewable energy (PV, wind, hydro, and biomass), distributed renewables (mainly small scale PV with potential to include storage), as well as resource efficiency (energy efficiency, waste management, wastewater treatment, and water management).

Sector(s)

• Energy - Electricity, gas, steam and air conditioning supply
• Water, sewerage - Water supply; sewerage, waste management and remediation activities

Proposed EIB finance (Approximate amount)

USD 44 million (EUR 40 million)

Total cost (Approximate amount)

USD 200 million (EUR 181 million)

Environmental aspects

The Fund Manager will be obliged to ensure full compliance with the Bank's environmental and social standards for all its investments. Given the characteristics of the potential investments (incl. medium to large greenfield energy projects) contemplated by the Fund Manager, many of them will require a full environmental & social impact assessment. The Fund Manager will be required to develop an environmental & social policy, and implement the appropriate management systems, whose main objectives will be to assess and manage environmental and social risks in line with good international practices and comply with the national law, the environmental & social standards of the Bank and principles of the relevant EU Directives.

Procurement

The Bank will require the Fund Manager to ensure that implementation of the investment projects will be done in accordance with the Bank's Guide to Procurement.

Status

Signed - 10/12/2019