Anzana Electric Group has raised a $20 million senior secured portfolio debt facility from British International Investment (BII), the United Kingdom’s development finance institution and impact investor, to accelerate the construction of run-of-river hydropower projects across Africa.
Run-of-river hydropower projects in Africa can play an important role in expanding access to electricity. But smaller projects under 10 megawatts often struggle to secure long-term debt financing. This facility is designed to reduce the high upfront costs and long timelines that usually come with arranging project-specific financing.
The BII facility will provide construction financing to Anzana’s well-developed hydropower portfolio, focused on small- and medium-scale plants with potential solar hybridization, in east, central and southern Africa.
Through this facility, Anzana expects to unlock 10 megawatts of newly installed distributed baseload generation capacity by 2030, g
