ENERGY BUSINESS REVIEW - US based private equity firm Denham Capital has partnered with renewable energy investment firm GreenWish Partners to develop, build and finance 600MW of renewable energy projects in sub-Saharan Africa by 2020.
Denham Capital said the projects considered for development will require $1bn in capital commitment. Further details on the projects were undisclosed.
GreenWish Charlotte Aubin-Kalaidjian CEO said: "We look forward to partnering with Denham for this expansion phase of GreenWish in sub-Saharan Africa.
"Independent power producers such as GreenWish are a key solution to the African electricity gap that requires more than $40bn in annual investments.
"Our strategic partnership with Denham gives us the means and scale to carry out our ambition and mission for a competitive and sustainable electrification of Africa."
GreenWish said it is planning to develop both on and off-grid projects in countries where renewable projects offer a competitive solution required to bridge the power gap, without subsidies.