InfraCo Africa, the African development arm of the Private Infrastructure Development Group (PIDG), has announced a US$43 million anchor investment into Climate, Energy Access and Resilience (CLEAR), a climate-focused fund advised by Helios Investment Partners (Helios).

The fund will invest in climate-focused projects across three core themes: clean energy and the energy transition, green transportation and mobility, and sustainable growth and consumption. The target size of the fund is US$350 million. CLEAR will provide at least 100,000 new jobs, connect more than 1 million people to power for the first time and avoid 100 million tonnes of carbon emissions.