Revego raises R1 billion to expand South Africa renewables

Revego raises R1 billion to expand South Africa renewables

Revego Africa Energy Fund has raised 1 billion rand ($62 million) in fresh capital, a significant boost for a South Africa focused renewable investor that is trying to scale up at a time when the country is desperate for new power supply.The fund said the raise is its first capital raising round since 2021. It includes two cornerstone commitments of 500 million rand each, one from British International Investment, the UK’s development finance in…