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.
$100—125M
TARGET FUND SIZE
55
FUND I ASSETS IN 11 COUNTRIES
0.5—50 MW
HYDRO & SOLAR ASSETS
$250M+
CURRENT INVESTMENT PIPELINE
FOR PROSPECTIVE INVESTORS
Full Presentation
The complete Green Fund II investor deck: strategy, market, pipeline, team and terms.
Fund II Two-Pager
The essentials on one spread - thesis, terms, track record and contacts.
Short Presentation
A condensed walk-through of the opportunity for a first conversation.
Research
Our analysis of power demand, capacity gaps and the private capital opportunity.
GREEN FUND II
Illustrative Terms
Equity and equity-like capital into greenfield and operational assets, built around contracted Power Purchase Agreement (PPA) revenue and cash flows earned by selling power to credit-worthy utility off-takers. Full terms, including return targets and fees, are set out in the Offering Memorandum.
FUND SIZE
$100M
Discretion to expand to $125M
RETURN PROFILE
Regular dividends plus capital appreciation
Contracted PPA revenue plus long-term asset value
STRATEGY
Run-of-river hydro & solar PV, 0.5–50 MW
USD-denominated power purchase agreements
TERM
10 years, + two, 1-year extensions
at the discretion of the Fund Manager
GEOGRAPHY
Across sub-Saharan Africa¹
LEGAL STRUCTURE & SHARES
Delaware LLC with international SPVs
Shares²: from $150K (A + B Shares), from $3M (C Shares), from $10M (D Shares)
¹
Sub-Saharan Africa typically includes the following countries and excludes the North African countries of Egypt, Libya, Tunisia, Algeria, and Morocco: Angola, Benin, Botswana, Burkina Faso, Burundi, Cabo Verde, Cameroon, Central African Republic, Chad, Comoros, Congo, Côte d’Ivoire, Democratic Republic of the Congo, Djibouti, Equatorial Guinea, Eritrea, Eswatini, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Mayotte, Mozambique, Namibia, Niger, Nigeria, Rwanda, São Tomé and Príncipe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Togo, United Republic of Tanzania, Uganda, Zambia, and Zimbabwe.
²
Share classes carry different preferred return targets and management fees. There can be no guarantee of the Fund's ability to generate distributable income or capital appreciation.
THE OPPORTUNITY
The Fastest-Growing Region on Earth is Running Out of Power
Sub-Saharan Africa's economies and population are expanding faster than anywhere else, while roughly 600 million people still live without electricity. Closing that gap is a multi-decade investment need, it is being funded far too slowly, and technology is now stacking new demand on top of it.
+4.6%
GDP growth, set to outpace China in 2026–27 and rank second only to India.
47%
of the population has no access to electricity — against 0.5% in India.
41%
of the population is under 15 — the most youthful region on earth. Around 500 million will reach working age within 18 years.
+102 GW
of new capacity needed by 2035 simply to keep pace with people and incomes.
+3.6%
urbanisation a year, the fastest rate in the world and roughly double India's.
$77B
of private and DFI capital still uncommitted against 2035 renewable targets.
And a Second Wave of Demand is Arriving Early.
Data Centres
AI and cloud build-out is landing in the region, and reliable clean power is deciding where. Kenyan data-centre load is forecast to grow about 30% a year through 2028, Nigeria expects roughly 400 MW by 2030, and operators in South Africa are siting new capacity directly alongside dedicated solar.
Electric Mobility
Africa's transport transition is running on two and three wheels, where the economics already work. Rwanda is targeting 30% electric motorcycle penetration by 2030, and electric models reached 7.1% of new motorcycle registrations in Kenya in 2024. Every one of them charges off the grid.
And the Resource is Barely Touched.
BUILT TO DATE, AGAINST TOTAL RENEWABLE POTENTIAL
~10,500 GW
solar, hydro, wind & other potential
~50 GW built across the whole region
Less than 1% of sub-Saharan Africa's renewable potential is generating power today. Solar alone stands at roughly 10 GW built against 10,000 GW of potential. Fund II exists to convert a sliver of that gap into contracted, cash-generating assets.
A PROVEN THESIS & TRACK RECORD WITH OUR GREEN FUND I
We have Already Built This, at a Smaller Scale.
Launched in 2021, Green Fund I deployed $16M into 55 run-of-river hydro and solar assets across eleven countries. It proved the model, sharpened our origination and risk management, and generated the pipeline that Fund II will draw on.
$16M
INVESTED & COMMITTED
11
AFRICAN COUNTRIES
+60Kt
CO₂ AVOIDED
55
RENEWABLE ASSETS
22.3 MW
GENERATION CAPACITY
~340
LOCAL JOBS SUPPORTED
Hydrobox — 2.3 MW of hydro and solar feeding a mini-grid in the tea hills of central Kenya, supplying homes, schools, clinics and some of the region's largest employers.
TALK TO US
Let's start a Conversation About Green Fund II
Our team brings nearly 50 years of combined investment experience across 20 countries, including $7.6B of African power-sector transactions. We are glad to walk through the strategy, the pipeline or the Fund I portfolio in detail.
Jonathan Shafer
Kigali, Rwanda
jonathan@fortisgreenrenewables.com
+1 312 286 9064 · +250 78 374 1570
Daniel Peck
United Kingdom
dan@fortisgreenrenewables.com
+44 73 8755 0191 · +1 415 515 5191