Enko Capital backs Angola solar project
The firm's private credit fund has invested in Metalosul.
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Enko Capital’s Impact Credit Strategy, a private credit fund with a first close of $100 million, has invested in Metalosul, an Angolan entity that is a subsidiary of Omatapalo Group. The group has been awarded development of a 724MW solar infrastructure project. The investment will be utilised to finance the acquisition of photovoltaic panels for the Luanda site.
Pedro Martins, CFO of Omatapalo said: “This partnership with Enko Capital, through the Enko Impact Credit Strategy, represents an important step for Omatapalo Group as we accelerate the delivery of sustainable energy infrastructure in Angola. Beyond the financing, this collaboration reflects a shared commitment to drive the energy transition, expand access to reliable energy and create long-term value for our communities. We are proud to work alongside Enko to deliver high-impact projects through our subsidiary Metalosul.”
Saad Sheikh, partner at Enko Capital commented: “Enko’s Impact Credit Strategy has a strong ambition to provide reliable long-term flexible financing through effective partnerships with mid-market SMEs. Our flagship investment in Metalosul and the Angolan solar PV project demonstrates our unwavering commitment to translate climate commitments into concrete infrastructure that delivers clean electricity and builds local capacity. Our investment reflects our role as a trusted partner working alongside Metalosul and Omatapalo Group to scale up renewable energy where it matters the most.”
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