Norway Invests in Green Africa Power to Fund Renewables

(Bloomberg) — Green Africa Power LLP today received 300
million kroner ($40.6 million) in aid from the Norwegian
government.

The money will be used to fund renewable energy projects in
African markets where it’s most needed, Vivian Nicoli, a partner
at Eiser Infrastructure Partners LLP, an adviser to GAP, said in
an e-mailed statement. GAP provides long-term loans to privately
owned clean-power projects in Africa and it expects to start
investing in the first quarter.

The U.K. Department for International Development and the
Department of Energy and Climate Change also have invested in
GAP, taking its total funding to 121 million pounds ($189
million), according to the statement.

To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Alex Devine, Dylan Griffiths

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