Energy : CFM invests $102 million in Release by Scatec’s solar solutions in Africa

Fund manager Climate Fund Managers (CFM) announces a $102 million investment in Release by Scatec, a subsidiary of Norwegian company Scatec. Release by Scatec is dedicated to the financing and installation of modular solar power generation and electricity storage systems in sub-Saharan Africa.

Thanks to this investment through the Climate Investor One (CI1) fund, Release by Scatec will be able to further develop its activities and offer flexible, affordable energy solutions for utilities and mining operations in Africa. Release by Scatec’s scalable solar installations enable customers to progressively increase their electricity requirements, from 5 MWp to 30 or 50 MWp, depending on their needs.