To profit with purpose

The overarching mission is to profit with purpose by providing a specialised and experienced financing platform that will structure select investments to accelerate clean and sustainable energy infrastructure, energy and resource efficiency solutions (and related business models and services), and the supply chains that support them, which provide measured positive development outcomes for sub-Saharan Africa’s future.

Red Cap Kouga Wind Development Company

A South African wind developer that developed a 200 MW portfolio of grid-tied onshore wind projects in the Kouga region of the Eastern Cape Province, South Africa. These projects comprised the Kouga Wind Farm and Gibson Bay Wind Farm, two onshore wind energy generation projects of 80 MW and a 111 MW, respectively. The projects are located on two contiguous sites at Oyster Bay and Gibson Bay in the Kouga Region of the Eastern Cape, South Africa. Evolution One Fund holds a 30% equity interest in the Red Cap Kouga Wind Development Company (DEVCO). DEVCO acted as developer at arms-length based on full development cost recovery and a (cash and carry) premium at financial close. Shareholders in DEVCO, including Evolution One Fund, enjoyed pro rata rights to the balance of the development premium captured as a ‘free carry’ in the Kouga Wind Farm.

Fund Principals

Mr Christopher Clarke

Fund:

Evolution I

Enterprise Value:

ZAR60 million

Investment Amount:

ZAR14.072 million

Date of Deal Annoucement:

2010

Investment Year:

2010

Investment Partner:

Red Cap Investments

Fund Principals

Mr Christopher Clarke

Fund:

Evolution I

Enterprise Value:

ZAR60 million

Investment Amount:

ZAR14.072 million

Date of Deal Annoucement:

2010

Investment Year:

2010

Investment Partner:

Red Cap Investments

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