The Africa Renewable Energy Fund II (AREF II), a private equity fund investing in clean energy generating assets across sub-Saharan Africa (excluding South Africa), has raised €10 million from the Dutch entrepreneurial development bank, FMO. The fund is managed by Berkeley Energy. AREF II is the follow-on fund of the Africa Renewable Energy Fund (AREF), in which FMO invested in 2014.

FMO...