South African specialist investment manager, STANLIB, launched its STANLIB Khanyisa Energy Transition Fund last week at COP28 to mobilize crucial capital from long-term investors for South Africa’s energy transition and broader expansion across the continent.
The Fund will target energy transition assets including renewable energy, decentralized energy, natural gas as a transition fuel, critical minerals, green hydrogen infrastructure and hybrid and electric vehicles. Led by Johan Marnewick, Head of STANLIB’s Credit Alternatives, it will play a pivotal role in providing accessible capital for the country’s energy transition.
Seeded with assets from the Renewable Energy Independent Power Producer Procurement (REIPPP) program and financial institutions including Standard Bank and Liberty Bank, the Fund addresses key concerns raised at COP28 by focusing on securing substantial, predictable and appropriate support for climate action.
With an initial scale and diversity from the REIPPP assets, the Fund aims to grow into a one-billion-dollar initiative over time.
