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.

SlimSun

SlimSun is a dedicated solar photovoltaic (PV) development and asset ownership company that has developed 22MWs of pre-permitted solar PV assets in two phases in the Malmesbury region of the Western Cape, South Africa. Franco Afrique Technologies (FAT), as project promoter, is a small innovative company led by entrepreneur Anthony Corin. FAT and Evolution One Fund are jointly developing the 22MW solar PV facility in phases. The first phase known as the SlimSun Swartland Solar Park project comprises a 5MW grid-connected PV facility. This first phase has been permitted and commercial operations date on 4 August 2015 and achieved full grid code compliance on 20 June 2016. The second 17MW phase is still under development.

The projects fall under the Department of Energy’s IPP Procurement Programme in South Africa. A local BBBEE shareholder, the Darling Trust, holds 20% equity in the SlimSun Swartland Solar Park 5MW project.  The project will generate an average net revenue of approx. R47m over the 20-year project to BBBEE social needs, creating 80 temporary and permanent jobs.

JUWI (Germany’s largest solar PV developer) provides the engineering, procurement and construction contract for the project, as well as the ongoing operations and maintenance.

Fund Principals

Christopher Clarke

Fund:

Evolution I

Enterprise Value:

R209 million

Investment Amount:

ZAR25.010 million

Date of Deal Annoucement:

2012

Investment Year:

2012

Investment Partner:

Franco Afrique Technologies

Fund Principals

Christopher Clarke

Fund:

Evolution I

Enterprise Value:

R209 million

Investment Amount:

ZAR25.010 million

Date of Deal Annoucement:

2012

Investment Year:

2012

Investment Partner:

Franco Afrique Technologies