Fortis Green Renewables Investment Management provides flexible capital to renewable energy assets in Sub-Saharan Africa. The management team has extensive African investment experience: $14 billion across 20 African countries.
30+ Years
Relevant Combined Experience
20 Countries
Investment and Operational Experience
$14.8 Billion
Combined Investment Experience
$7.4 Billion
Combined Power-Sector Investment Experience
BENITO GRIMAUDO
Managing DirECTOR (South Africa)
Nearly 20 years of experience investing in and advising energy & infrastructure projects in 15 African countries, with more than $3B of executed project value across the continent.
Founding Executive of ARM-Harith Infrastructure Fund; a $250M closed-end African infrastructure fund. Prior experience with Africa-focused investment firms and DFIs: EAIF, responsAbility, IFC, and AfDB. Experience at E & Y and McKinsey.
MBA in Finance and Accounting, Sawyer Business School
JONATHAN SHAFER
Managing DirECTOR (Rwanda)
15 years investment and operational experience in sub-Saharan Africa and the US. Started and led three companies in Africa, totaling more than $215 million of invested capital.
Former SVP of $4 billion alternative investment platform, including private equity and private credit vehicles. Co-Founder & Chief Investment Officer of CommonGood Capital, focused on values-aligned investments across the globe.
MBA in Finance, Yale School of Management
Flexible Capital for Renewable Energy Assets in Sub-Saharan Africa
The flexible nature of our capital - in terms of timing and structure - distinguishes us from other players in the market. We focus on the provision of equity and equity-like capital to renewable energy projects in Development and Construction, as well as Operational assets.
Development
Construction
Operational
GREEN FUND I
$20M CLosed-End Private Fund
Green Fund I was formed to invest equity and equity-like capital in greenfield and operating small-scale renewable energy assets located in Sub-Saharan Africa, with an initial focus on East Africa. Multiple power-producing technologies will be considered, but an initial focus will be placed on run-of-the-river hydropower operating and greenfield assets.
News and Announcements
(Aug. 16, 2023) green fund I invests in hydrobox
Fortis Green Renewables, a US-based renewable energy investment firm, currently investing out of its Green Fund I, is pleased to announce its strategic investment of $1.5 million in a newly-formed joint venture with Hydrobox. The companies have committed to funding and developing an initial portfolio of eight mini-hydropower projects totaling 2.4MW of installed capacity, as well as all related grid infrastructure.
(Nov. 30, 2023) green fund I invests in Spark
Fortis Green Renewables, a US-based renewable energy investment firm, currently investing out of its Green Fund I, is pleased to announce its strategic investment of $1.5 million in Camco’s innovative financing platform, Spark Energy Services (Spark).
(Jan. 18, 2024) green fund I Acquires 40% stake in Rwaza Hydropower ltd.
Fortis Green Renewables, a US-based renewable energy investment firm, currently investing out of its Green Fund I, is pleased to announce the acquisition of a significant minority stake in Rwaza Hydropower Ltd (Rwaza), a 2.6MW operational run-of-river hydropower plant located in Musanze, Rwanda.
CONTACT US
Kigali, Rwanda +1 312 286 9054
Johannesburg, South Africa +27 72 289 2189
info@fortisgreenrenewables.com
