Empower New Energy is an investment vehicle for small and medium-sized captive commercial and industrial (“C&I”) renewable energy projects across Africa.

Our Development Partner 

We Invest

USD 2.50

Development Funding Approved

USD 50

Construction Equity Fund Opportunity

Estimated Project Impact

100 MW  additional capacity
151 GWh/year clean electricity
70 684 tCO2eq/year emissions avoided
TBC construction jobs
367 183 people reached

Funding Rationale

Empower New Energy has developed long-term partnerships with local developers and has built a pipeline of rooftop and small ground solar, some with storage solutions, in several African countries. CI1 has entered in a term sheet and a Development Funding Agreement to participate in funding Empower’s pipeline which is estimated at a total of c.100 MW to be developed over 3 years.

Contract Signature Date

April 2022

Estimated Commercial Operations Date






Business Model

C&I Solar (With some storage)


Solar PV

Environmental & Social Category



Renewable Energy

E&S Context

This investment opportunity has been classified as Category B in accordance with CI1’s E&S risk categorisation, which is equivalent to the International Finance Corporation (IFC) E&S risk category B. Given the nature of the investment, with the underlying projects comprising small solar installations on C&I offtaker premises in urban or agri-industrial areas, adverse E&S impacts are expected to be limited, site-specific and readily managed/mitigated. The main E&S considerations relate to IFC Performance Standard (PS) 2 (occupational health and safety and third-party labour and working conditions, including in the supply chain) and PS 3 (sustainable water use and waste management, including safe recovery and disposal of wastes from end-of-life solar panels and batteries).  Empower has developed an environmental and social management system (ESMS), which sets out requirements for local development partners to conduct feasibility studies and E&S risk assessments, obtain all required permits and approvals, and develop project-specific IFC-compliant ESMSs to be implemented by the EPC and O&M contractors during project design, construction and operation.