South Africa’s transition to renewable energy has received a ZAR1 billion boost.

UK development finance institution British International Investment (BII) and financial services firm Alexforbes are investing ZAR500 million each into the Revego Africa Energy Fund, a majority black-owned and -managed renewable energy fund manager, reports Engineering News.

The investment brings the fund total to ZAR3 billion and will enable it to expand its portfolio of renewable energy products, which currently comprises 10 solar and wind projects.

Revego chief investment officer Ziyaad Sarang said the investment will help to deepen a secondary market often overlooked by investors

BII Africa head and MD Chris Chijiutomi expects the investment to unlock liquidity in the secondary market, enabling early-stage developers to recycle capital into greenfield projects.

‘Strategic capital will be key to mobilise projects, strengthen investor confidence and accelerate the country’s low-carbon transition. For investors seeking long-term, inflation-protected returns, the sector is ready to scale,’ said Sarang

3 February 2026
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