British International Investment
British International Investment is the new name for the UK’s development finance institution and impact investor - formerly CDC Group.
Backed by the UK Government, British International Investment (BII) has over 70 years’ experience of investing in emerging economies, investing up to $2.5 billion per year in green infrastructure, technology and other sectors to support countries in Africa, Asia and the Caribbean.
With a six-decade heritage as an investor and lender in African power, BII has directly or indirectly invested in a third of all utility-scale IPPs in SSA (outside South Africa). Globeleq, Africa's leading IPP company with eight operational plants totalling over 1,200MW in five countries, has been under BII's direct control (in a 70%-30% ownership with Norfund) since late 2015.
BII recently committed funding to nine solar power projects in Egypt, representing a total of 390MW, and have supported the 52MW Malindi solar project in Kenya, which became operational in December 2021, the Redstone 100MW concentrated solar project in South Africa, and the 420MW Nachtigal hydropower project in Cameroon. BII has also partnered with the Aga Khan Fund for Economic Development/Industrial Promotion Services to pursue further renewable projects in SSA. They are also active in the distributed renewable space, with mini-grid investments in DRC and an investment through their subsidiary Gridworks in a leading developer of commercial and industrial solar projects.
Find out more
Visit our website: bii.co.uk