Africa Finance Corporation has sold a stake in a Cape Verdean wind power company to a Danish investor, as interest in green energy continues to grow across Africa.
Clifford Chance advises the Genser Energy Group on US$125m investment agreement
3 February 2021
Clifford Chance advises the Genser Energy Group on US$125m investment agreement
International law firm Clifford Chance has advised the Genser Energy Group (“Genser Energy”) on successfully concluding an investment agreement with OP Energy Holdings Limited, a 100% subsidiary of Oppenheimer Partners Limited (“OP”). OP will invest USD125m to subscribe for 125,000 units of redeemable convertible preference shares in a newly formed parent company, Genser Energy Investments LLC (“GEIL”) in Delaware, United States.
This investment comes a year after a USD366m financing for Genser Energy s expansion in Ghana which included a new syndicated senior loan facility and a mezzanine loan. Genser s expansion in Ghana has been a demonstration of the growing focus on independent energy solutions providers in the commercial and industrial sector that are able to deliver energy to consumers