OUR HERITAGE

Sun Africa

€523MM Capital Raise, Advisory, and Modeling Services to the Government of Angola

Delphos Financial Advisor Sun Africa

Delphos assisted a joint venture in arranging financing for the Government of Angola to deploy a PV solar portfolio of approximately 350 MW in seven separate sites with total project costs of €523MM. The joint venture is comprised of Sun Africa LLC, a utility-scale solar project developer and off-grid solution provider, and M. Couto Alves, part of the EPC conglomerate.

Angola, Energy and Natural Resources, Solar PV, Africa, Capital Raising, 2018, SDG

Sector

Energy and Natural Resources

Amount Raised

€523,493,007

Deal Type

Capital Raising

Unique Challenge

Reduce Angola's's dependence on fossil fuels

Sub-sector

Solar PV

Year

2018

Type of Financing

Debt

Deal Impact in Numbers

350MW Installed capacity

Lender

Swedish Export Credit

SDGs

SDG 7 Ensure access to affordable, reliable, sustainable and modern energy for allSDG 13 Take urgent action to combat climate change and its impacts

Borrower

Ministry of Energy and Water of Angola

Deal Impact in Lives

The project will have an impact on both local energy security and the country's carbon footprint

Location

Angola

Angola Sun Africa Financial Advisory Delphos