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Metier Sustainable Capital Fund II

The Metier Sustainable Capital Fund II (MSCF II) is focused on climate mitigation through investments in grid-tied and distributed renewable energy generation and resource efficiency. At least 60% of commitments are expected in SIFEM priority countries and at least 35% of commitments are expected in Least Developed Countries (LDCs). Geographically, the Fund is expected to allocate 40% in Southern Africa, 30% in Eastern Africa, and 30% in Western Africa. The Manager targets positive and sustainable environmental and social impact as well as returns on financial capital. The Fund will report on renewable energy output, Green House Gas (GHG) emissions reductions, and other environmental and social metrics.

Metier Sustainable Capital Fund II

The Metier Sustainable Capital Fund II (MSCF II) is focused on climate mitigation through investments in grid-tied and distributed renewable energy generation and resource efficiency. At least 60% of commitments are expected in SIFEM priority countries and at least 35% of commitments are expected in Least Developed Countries (LDCs). Geographically, the Fund is expected to allocate 40% in Southern Africa, 30% in Eastern Africa, and 30% in Western Africa. The Manager targets positive and sustainable environmental and social impact as well as returns on financial capital. The Fund will report on renewable energy output, Green House Gas (GHG) emissions reductions, and other environmental and social metrics.

About the fund

The Fund has already made three investments, including a rooftop solar energy company in Southern Africa, a grid-tied river hydroelectric project development in Kenya, and in a resource efficiency company focused on hybrid power systems, servicing telecom towers in Gabon and Nigeria. A further two investments are at very advanced stages and include renewable energy project developers with late-stage solar photovoltaic (PV) production sites in Southern Africa and Francophone West Africa. 

The Fund will contribute to climate change mitigation and adaptation in two ways: it will increase the availability of and expand access to affordable, reliable, clean energy services (SDG 7 Affordable and Clean Energy). It will also contribute to climate mitigation (SDG 13: Climate Action) by creating additional mega-watts of grid-tied installed renewable energy capacity in Africa and by helping local companies switch to distributed renewable energy generation, thereby avoiding fossil fuel consumption (also SDG target 7.2: increasing the share of renewable energy in the global energy mix). Through investments in resource efficiency, the Fund may also contribute to waste management, materials recycling, waste to energy, water treatment (SDG 12: Responsible Production and Consumption) and limiting pollution.  

SIFEM will focus on quantifying and measuring contributions to SDG 7 and SDG 13 through regular reporting on renewable energy installed capacity, renewable energy output (MWh/year) and GHG emissions reductions (metric tonnes of CO2e). MSCF II is expected to invest in at least 200 MW of clean energy capacity with a total GHG reduction of at least 84,000 metric tons per annum of CO2 equivalent.  
 

Investments by the fund

             
Date Name Country Industry Status
2021 Company 1 Burkina Faso Renewable energy production and supply Active
2020 Company 2 South Africa Renewable energy production and supply Active
2021 Company 3 Nigeria Technology hardware and equipment Active
2020 Company 4 Kenya Renewable energy production and supply Active
2022 Company 5 South Africa Water supply Active
Reference code
2019-09
Status
Active
Date of commmitment
June 2021
Date of exit
-
Fund size
USD
156,000,000
SIFEM commitment
USD
10,000,000
Asset class
Private Equity
Investment strategy
Investment through Fund
Fund manager
Metier Sustainable Capital Private Equity International