The two partners will focus on “countries where renewable energy projects offer a competitive solution to the power gap, without subsidies”, they said in a statement.

Private equity firm Denham Capital has a global energy portfolio and already has significant interests in the region via BioTherm Energy, a major player in South Africa’s fast-growing renewables sector.

GreenWish is building the 20MW Senergy 2 PV plant in Senegal, which it claims is the largest solar IPP project in the region.

The