Greenstone Equity to raise capital from GCC investors

Wednesday, Jul 08, 2015

Dubai: Greenstone Equity Partners, a Middle East based fund placement firm, said it has collaborated with TIMU Energy Holdings, a Mauritius-based investment company, to raise capital from GCC investors for the development of clean energy projects in Africa.

The new partnership aims to attract GCC investors to invest in clean energy projects in Africa that require more than $28 billion in new investments each year simply to meet the growing demand for power across the continent, Greenstone said in a statement.

TIMU seeks to raise $20-25 million for investing exclusively in clean energy; which includes solar, hydro, wind, geothermal, LNG power, biomass projects and others. Most investments are likely to be primarily located in high-growth countries with the largest and fastest growing economies.

“With a population of over 1 billion, Africa represents a huge opportunity for investors who are eager to invest their capital on a long-term high-yield investment basis,” said Omar Al-Gharabally, President of Greenstone Equity Partners.

“With its promising economic outlook, aggressive infrastructure development, population growth and stable political situation, Africa is one of the best places in the world to invest. We recognise these promising market trends and we encourage our investors to direct their investments into one of the fastest growing markets globally,” he added.

Staff Report