PROJECT

Projects

Summary of Investment Information

Project Number

50257

Company Name

Evolution III LP

Date SPI Disclosed

Dec 10, 2024

Country

Mauritius

Region

Africa

Projected Board Date

Jan 10, 2025

Environmental Category

FI-1 - Significant

Status

Active

Last Updated Date

Apr 11, 2025

Department

Regional Industry - INF Africa

Industry

other

Previous Events

Approved : Feb 26, 2025
Signed : Mar 3, 2025
Invested : Apr 8, 2025

Sector

Infrastructure Fund

Project Description

 The proposed project consists of an equity investment of up to US$ 30 million in Evolution Fund III (EVIII or the Fund), established by the Mauritian private equity firm Inspired Evolution Managers Limited (“the Fund Manager” or “Inspired Evolution”) to invest in renewable energy (solar, hydro, wind and battery energy storage systems) development platforms and towards growth capital in energy resource efficiency companies. The Fund’s strategy is aimed at accelerating the clean energy transition and increasing energy access in Africa through renewable and sustainable energy.

Associated Advisory Engagement

  There are no expected advisory services engagements associated with this investment.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation