Fund Management
GreenMax is one of the leading fund management firms in the clean energy space for emerging markets.
Achieving UN Sustainable Development Goal 7 (SDG 7) on universal access to modern, affordable, reliable and sustainable energy for all by 2030 will require new and innovative financing solutions. GreenMax has long been an innovator in developing risk mitigation and blended finance instruments to facilitate clean energy investments. Currently, our Fund Management Group manages or co-manages three platforms – CEI Africa, G4A, GreenStreet Africa, and GreenShift Africa.
- CEI Africa: GreenMax, in partnership with Triple Jump and Persistent Energy, form the Fund Management Consortium for the KfW Clean Energy and Energy Inclusion for Africa (CEI Africa) Foundation providing concessional debt and RBF grants for energy access companies in Africa.
- G4A: Supported by the IKEA Foundation, CLASP and the Partnering for Green Growth and the Global Goals 2030 (P4G) Platform, GreenMax launched the Green-for-Access First Loss Facility (G4A), a risk mitigation fund that partners with local financial institutions in Africa to de-risk local currency lending to the energy access space. In 2022, G4A was awarded the Keeling Curve Prize in the category of finance by the Global Warming Mitigation Project.
- GreenStreet Africa: Supported by the Global Innovation Lab for Climate Finance, GreenMax is launching GreenStreet Africa, a Super ESCO which develops distributed generation projects at African public health and education facilities, financed by local currency private placement bond issues. In 2020, the GreenStreet Africa model was selected as the Energy Access Idea of the Year by the Global Innovation Lab for Climate Finance.
- GreenShift Africa: GreenMax’s engagement with e-mobility companies in Africa has identified a common financing gap for which a trade facilitation program can be offered as a solution. GreenShift Africa delivers a standard trading arrangement to leverage e-Mobility companies’ limited working capital to increase the number of EVs they can import.
The GreenMax team at the Global Off-Grid Solar Forum and Expo in Kigali, Rwanda, October 2022, where we launched three financing platforms – CEI Africa, G4A and GreenStreet Africa.
LEFT: GreenMax President, Clifford J. Aron, presents the Green-for-Access First Loss Facility (G4A) at the 2019 AIX Power Renewables Conference in London. RIGHT: GreenMax Transaction Advisory Group Director, Ifechukwude Uwajeh, presents the GreenStreet Africa initiative at the 5th Africa Mini-Grids Summit 2019 in Accra, Ghana.