Impact investment platform Trine and the Foundation for Clean Energy and Energy Inclusion for Africa (CEI Africa) have entered into an agreement for clean energy investing. Under this Framework Agreement, Trine can access a credit facility of EUR 3 million to co-finance qualified companies alongside European retail investors who invest via its platform. The cooperation between CEI Africa and Trine is expected to go beyond this agreement as both parties will also look to co-invest directly in opportunities which will be evaluated together.
This is now the third framework agreement entered into by CEI Africa having last month, entered a similar framework agreement with Lendahand and Energise Africa.
See the full press release here:
