April 21

BII and Shell Foundation to Invest $245 Million in Clean Energy

By Jean Marie Takouleu

British International Investment (BII) is entering into a new partnership with the Shell Foundation. The partnership aims to support the deployment of renewable energy through the financing of start-up companies in Africa and South Asia.

Providers of renewable energy and energy efficiency solutions will benefit from a partnership recently signed between the Shell Foundation and British International Investment (BII), the financial arm of the British diplomatic service. The two organizations are committed to investing $245 million in renewable energy by 2026 in Africa and South Asia.

Photo courtesy of James Moran.

Source: Afrik21 (link opens in a new window)

Energy, Technology
business development, renewable energy, startups