Swiss Investment Fund
for Emerging Markets

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Frontier Energy II

Frontier Energy II is a renewable energy fund focused on developing, constructing and operating renewable energy generation projects, with a primary focus on hydroelectric, geothermal, wind, and solar opportunities in Kenya, Uganda, Rwanda and Tanzania. The largest part of the investment will be used for construction purposes and the Fund Manager will oversee this critical phase to ensure that quality, time, budget, and ESG standards are met. The Fund’s portfolio is expected to provide more than 2,700 GwH/year of additional renewable energy, which roughly equates to meeting nearly 2.5 million households’ annual energy needs in the target countries.

Frontier Energy II

Frontier Energy II is a renewable energy fund focused on developing, constructing and operating renewable energy generation projects, with a primary focus on hydroelectric, geothermal, wind, and solar opportunities in Kenya, Uganda, Rwanda and Tanzania. The largest part of the investment will be used for construction purposes and the Fund Manager will oversee this critical phase to ensure that quality, time, budget, and ESG standards are met. The Fund’s portfolio is expected to provide more than 2,700 GwH/year of additional renewable energy, which roughly equates to meeting nearly 2.5 million households’ annual energy needs in the target countries.

About the fund

Sub-Saharan Africa is home to 13% of the world’s population but also accounts for nearly 50% of the global share of people living without access to electricity. Because of the energy gap, companies across Sub-Saharan Africa suffer from a competitive disadvantage, which leads to lost business opportunities and lower job growth. Investment in additional power capacity is required in order meet the demand, in particular, investment in renewable energy in order to ensure it is a significant part of the energy mix. SIFEM’s investment of USD 10m in Frontier II supports Africa’s energy security and economic development by adding capacity to the power grid and assists climate change mitigation through avoided CO2 emissions.

Investments by the fund

             
Date Name Country Industry Status
2020 Company 1 Rwanda Water supply Active
2019 Company 2 Uganda Renewable energy production and supply Active
2017 Company 3 Kenya Renewable energy production and supply Active
2019 Company 4 Kenya Renewable energy production and supply Active
2018 Company 5 Kenya Renewable energy production and supply Active
2021 Company 6 Kenya Renewable energy production and supply Active
2018 Company 7 Rwanda Renewable energy production and supply Active
2017 Company 8 Uganda Renewable energy production and supply Active
2019 Company 9 Mozambique Renewable energy production and supply Active
2017 Company 10 Kenya Renewable energy production and supply Active
2019 Company 11 Zambia Renewable energy production and supply Active
2021 Company 12 Zimbabwe Renewable energy production and supply Active
2017 Company 13 Uganda Renewable energy production and supply Active
2017 Company 14 Tanzania Renewable energy production and supply Active
2022 Company 15 Sierra Leone Renewable energy production and supply Active
2017 Company 16 Tanzania Renewable energy production and supply Active
2021 Company 17 Kenya Renewable energy production and supply Active
2022 Company 18 Malawi Renewable energy production and supply Active
2019 Company 19 Uganda Renewable energy production and supply Active
2021 Company 20 Malawi Renewable energy production and supply Active
2017 Company 21 Uganda Renewable energy production and supply Active
2017 Company 22 Kenya Renewable energy production and supply Active
2018 Company 23 Kenya Renewable energy production and supply Active
2021 Company 24 Sierra Leone Renewable energy production and supply Active
2021 Company 25 Malawi Renewable energy production and supply Active
2019 Company 26 Kenya Renewable energy production and supply Active
2017 Company 27 Uganda Renewable energy production and supply Active
2019 Company 28 Kenya Renewable energy production and supply Active
2022 Company 29 Somalia Renewable energy production and supply Active
2018 Company 30 Kenya Renewable energy production and supply Active
2018 Company 31 Uganda Renewable energy production and supply Active
Reference code
2017-02
Status
Active
Date of commmitment
March 2017
Date of exit
-
Fund size
USD
200,000,000
SIFEM commitment
USD
10,000,000
Asset class
Private Equity
Investment strategy
Investment through Fund
Fund manager
Frontier Investment Management