June 25

Press Release: BII Signs Agreement With Meridiam to Provide $15 Million to Rift Valley Energy to Expand Access to Sustainable Energy in Tanzania

British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, today signed an agreement to provide $15m with the potential to increase this to $25m, to renewable energy platform Rift Valley Energy (RVE), owned and managed by Meridiam. The funding will support part of RVE’s ambitious investment and development plan for future renewable energy projects in Tanzania.

Photo courtesy of Usukhbayar Gankhuyag.

Source: British International Investment (link opens in a new window)

Energy, Investing
corporations, development finance, distribution, impact investing, infrastructure, renewable energy, rural development, wind