WHO IS OUR CLIENT
Evolution II (Mauritius) No 2 LP (Evolution II) is a private equity fund investing in renewable energy generating assets and energy efficiency projects in Sub-Sahara Africa. Evolution II is managed by Inspired Evolution Investment Management and has reached a first close size of USD75 million in 2016, funded by development finance institutions and developer Quantum Power.
Evolution targets investments which deliver social and environmental benefits as well as financial returns. Evolution II seeks to invest in in clean and sustainable electricity generation and related infrastructure, energy and resource efficiency and the food-energy-water nexus. After a successful first fund that invested in South Africa, Evolution II will move further into Africa,
WHY WE FUND THIS PROJECT
By investing in Evolution II, FMO seeks to address the market need for energy in Sub-Sahara Africa in a sustainable and responsible manner, by increased production of clean energy and use energy more efficiently.
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ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism.