Press releases

A responsAbility-managed energy holding company has acquired a 26% interest in Renewable Energy Holdings (Pty) Ltd (REH), a leading South African based developer, owner and operator of run-of-river hydropower projects in Southern Africa.

d.light solar, a pioneering manufacturer and provider of solar power products, today announced that it has secured debt funding totaling USD 18 million from a consortium of lenders with a focus on the renewable energy space including two responsAbility-managed funds, SunFunder, DWM and SIMA. The financing will be used to further grow d.light’s operations across Africa.

Australian pension fund Christian Super announced today that it has acquired a significant minority shareholding in responsAbility Investments AG, the international asset manager headquartered in Switzerland, thereby becoming the company’s first international shareholder.

responsAbility and the World Wide Fund for Nature’s (WWF) Uganda are teaming up for a USD 240,000 restoration project on the Nyamwamba River Watershed in Western Uganda.

A responsAbility-managed climate fund and Indian Non Banking Financial Company Electronica Finance Limited (EFL) have entered into an agreement for the issuance of green Masala Bonds. EFL has issued Rupee-denominated senior secured bonds of USD equivalent 10 million. 

In a clear commitment to climate change mitigation, the Development Bank of Austria (OeEB) has increased its investment in the responsAbility-managed climate fund, adding USD 20 m across different share classes.

Several responsAbility-managed funds focusing on micro- and SME finance and climate change mitigation in emerging markets, respectively, have entered into a financing agreement with Ameriabank, granting Armenia’s leading bank a total of USD 19.2 m in long-term subordinated debt. 

The responsAbility-managed climate fund and India-based Roserve Enviro Private Limited have announced their cooperation for financing energy-efficient waste-water recycling systems offered to industrial clients. Under the agreement, the fund will subscribe to Indian rupee denominated green bonds worth USD 8 m issued by the company. 

A combination of high electricity tariffs, falling PV prices and a lack of reliability in the grid is spurring sales of on-site solar to business customers in Sub-Saharan Africa. This is the conclusion of a new report by research company BloombergNEF (BNEF), commissioned by responsAbility Investments, assessing the potential of commercial and industrial solar opportunities in the region.

The responsAbility-managed climate fund contributes to the largest-yet receivables financing facility in the off-grid solar space. The facility was arranged by SunFunder for Kampala-based off-grid solar company SolarNow and follows an earlier USD 6 m syndication from October 2017.