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September 27, 2021
(English version below)

As of September 1, StartGreen Capital and Evenpar are collaborating to finance renewable energy infrastructure projects in emerging markets. This new partnership focuses primarily on the African energy transition.

Emerging markets that respond to increased energy demand, the circular use of available raw materials and the deployment of EU technology offer attractive potential for impact investments. According to the International Renewable Energy Agency (IRENA)*, the African continent's energy demand will double by 2040. Therefore, the collaboration focuses on investment opportunities that efficiently produce decentralized energy with technologies such as waste recycling, waste-to-energy, biogas and biofuels.

Investment opportunities Africa
Peter Nyeko, CEO Mandulis Energy (a Ugandan renewable energy project developer), emphasizes: “The energy transition will be an essential part of infrastructure growth in Africa, especially in East Africa. It offers investment opportunities for standard technology projects and for investors who want to combine return with impact realization. The market offers room for growth. In addition, many East African industries and cities face similar challenges.”

New Partnership
StartGreen Capital is one of the largest impact fund managers in the Netherlands with over €450 million in assets under management. She believes that the transition to a sustainable economy is initiated by impact entrepreneurs: entrepreneurs with vision, drive and guts.
Evenpar is a specialist in project development with in-depth knowledge of project dynamics, financial structuring, technology and emerging markets.

Solid return
Together they aim to invest in projects that use proven and maintainable technologies, and that rely on long-term supply agreements and creditworthy offtake contracts (with governments or industry). This approach minimizes technology, raw material, supply and off-take risks and results in good operational performance and stable cash flows in the long term. This strategy, combined with a mixed financing structure, leads to a solid financial return.

Pjotr Schade – Managing Partner of Evenpar General Partner:
“This collaboration is a power house for impact investing in emerging markets by combining the best of both worlds. StartGreen Capital is truly the champion of impact fund management, with its impressive track record and entrepreneurial approach to opportunities. This partnership allows Evenpar to focus on what we do best: developing and investing in projects with stable returns and high impact, supported by StartGreen Capital. This provides investors with competitive returns and the assurance of fund stability.”

Impact on sustainable development goals
The partnership invests with the aim of generating financial returns as well as social and environmental impact. With a combination of financial, investment and technical know-how, it finances project development support, technical guidance, technology development and training. In this way it adds value to projects that can efficiently process low-quality available raw materials into high-quality energy output in Africa. All this results in a positive contribution to SDG 7 (affordable and sustainable energy), SDG 8 (decent work and economic growth) and SDG 11 (sustainable cities and communities).

Sep 27th 2021

StartGreen Capital & Evenpar invest in international energy transition

Ash of September 1st , StartGreen Capital and Evenpar form a partnership to finance infrastructural renewable energy projects in emerging markets, with an initial focus on the African Energy Transition.

Emerging markets present an attractive potential for impact investments, leveraging on the increased energy demand, optimizing the circular use of available feedstock and utilizing EU technology. According to International Renewable Energy Agency (IRENA)*, the continent's energy demand is set to double by 2040. Therefore, the partnership focuses on investment opportunities which produce efficient decentralized energy by utilizing primarily waste-recycling, waste-to-energy, biogas and biofuel technologies alongside other technologies.

Investment opportunities in Africa
Peter Nyeko, CEO Mandulis Energy (an Ugandan renewable energy project developer) highlights:
“The energy transition will be a vital part of the infrastructural growth in Africa, especially East Africa. It represents investment opportunities for projects with standard technology and investors who want to combine returns with impact realisation. This market is not over-crowded and many East African industrials and cities struggle with similar challenges.”

New partnership
StartGreen Capital is one of the largest Impact Fund Managers in the Netherlands with over €450 million AuM and believes that the sustainable economy transition is initiated by entrepreneurs with vision, drive and guts.
evenpar is a project development specialist with in-depth understanding of project dynamics, financial structuring, technology and emerging markets.

Solid financial returns
The targeted projects deploy proven and maintainable technology on the back of long-term supply agreements and creditworthy off-take contracts (industrial or government backed). Accordingly, this approach minimizes technology, feedstock supply and off-take risks, resulting in strong operational performance and creating long term stable cash flows. This strategy combined with blended finance structuring leads to solid financial returns.

Pjotr Schade – Managing Partner Evenpar Investment:
“This partnership is a powerhouse for impact investing in emerging markets since it combines the best of both worlds. StartGreen Capital is really the champion in impact fund management, with its strong track-record and its entrepreneurial approach to opportunities. The partnership allows Evenpar to focus on its core competence, being developing & investing in stable return high impact projects whilst being supported by StartGreen Capital fund management. This provides the investor with competitive returns and the assurance of fund stability.”

Impact on Sustainable Development Goals
The partnership invests with the intention to generate financial returns as well as create social and environmental impact. This is done by combining financial and investment/technical knowledge to finance and provide project development support, technical assistance, technology development and schooling to utilize effective proven technology to efficiently process low value available feedstock input into high value and much needed clean energy production in Africa . All together these results in positive outcomes for SDG 7 (affordable and clean energy), SDG 8 (decent work and economic growth) and SDG 11 (sustainable cities and communities).

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