South Africa: BII and Alexforbes commit 1 billion rand to Revego Africa Energy Fund
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British International Investment (BII) and Alexforbes Investments said on Jan. 27, 2026 they would jointly commit 1 billion rand (around $63 million) to the Revego Africa Energy Fund. The two investors said the funding is aimed at supporting the development of a secondary market for renewable energy assets in South Africa.
They said the approach is designed to improve liquidity by enabling renewable asset ownership to move from developers to long-term investors. The stated goal is to free up capital so developers can recycle funds into new renewable energy projects, helping to make the market more accessible and liquid.
BII framed the commitment as part of the United Kingdom’s support for South Africa’s energy transition through the Just Energy Transition Partnership (JETP). In the statement, BII’s Chris Chijiutomi said the strategy is to unlock liquidity and enable early-stage developers to reinvest in new greenfield projects, while building a more active secondary market for renewables in Sub‑Saharan Africa.
The announcement also referenced wider UK support for South Africa’s decarbonisation efforts. The article said London extended a $1 billion climate-related debt guarantee for South Africa on Jan. 22, 2026, which the British High Commission said would support the Municipal Utility Reform Project and other low‑carbon infrastructure, and forms part of an estimated 1.5 billion euros UK contribution to the JETP.
