H1 Capital secures US$39m from Norfund and CDC Group for green energy projects

SOUTH AFRICA – The South African renewable energy industry today received a R600 million (US$39.22m) boost from Norfund, the Norwegian investment fund for developing countries, and CDC Group, the UK’s development finance institution (DFI). The organisations have invested in H1 Capital, a South-African black-owned and managed renewables investment and development company. Norfund will provide R360 million (US$23.53m) and CDC to…

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