The African Development Bank intends has invited suitably qualified parties to submit Expressions of Interest (EOI) to provide fund management services for a financial facility designed to channel private capital into renewable energy power generation projects in sub-Saharan Africa.

The proposed fund will focus on investments in projects that generate power from renewable energy sources including solar, wind, biomass and hydroelectricity. The fund will prioritize small to medium size projects with deal sizes between USD30mm and USD80mm. It is envisioned that financial resources will be leveraged from a variety of investors, including sovereign wealth funds, pension funds, development finance institutions, donors, etc.

Interested firms must submit EOIs by 18:00 Tunis time (GMT+1) on April 25 th 2013.

Source: AfDB