Original disclosure @ FMO website
Updated in EWS Mar 11, 2023
Disclosed by Bank Dec 7, 2022
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EVIII will focus predominantly on private finance for the mitigation of climate change and energy transition. The Fund plans to make 10-15 investments of control or significant influence in pan-African assets with core infrastructure and/or growth characteristics, including but not limited to (i) renewable energy generation (utility-scale grid-connected, commercial & industrial (C&I) solar and mini/micro grids), (ii) energy access (distributed generation, off-grid solutions), and (iii) energy and resource efficiency low-carbon growth capital investments across key climate-impact sectors in Africa located largely within sectors that make up the food-energy-water nexus (e.g. energy efficiency for smart cities, digital infra, e-mobility/e-logistics).
Evolution III Fund (EVIII) is a pan-Africa private equity fund focused on investments in renewable and sustainable energy infrastructure, energy access, and energy and resource efficiency solutions that forge climate-resilient development pathways for Africa's future. EVIII has a target fund size of USD 400m and is advised by Inspired Evolution Investment Management (IEIM). Established in 2007, IEIM is a South Africa based climate impact fund investment advisor that has proven regional development and investment experience in the clean energy, energy and resource efficiency space.
No project contacts available at the time of disclosure.
Financial intermediary - Inspired Evolution Investment Management:
Christopher Clarke - Contact person
Address: Office 506, 5th Floor, Sunclare Building, 21 Dreyer St, Claremont, 7708, Cape Town, South Africa
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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