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Thursday, January 3, 2013

Finance for renewable energy projects.

Agreement between COFIDES (Compañía Española de Financiación al Desarrollo) and IDC (South African Industrial Development Corporation), making available up to 100 millions euros (aprox. 1000 millons rands) in order to finance any investment project, with special focus on renewable energy sectors. 

The following issues should be highlighted:
The program is attainable by spanish companies willing to invest in Southern African countries, with South African or local partners.
IDC does not have to finance a project, but it would be interested in doing so in case there is a South African investor, with a relevant share. This is espcially important for recently created Spanish/South African Joint Ventures willing to expand all over the region, taking the previous experience of its South African partnership.

Should you have any quesion, please do not hesitate to contact us.

Regards

Embassy of Spain - Commercial Office
P O Box 781050. 2146 Sandton, Johannesburg, South Africa
Tel: (+27) 11 883-2102/3/4/5
Fax: (+27) 11 883-2624
johannesburgo@comercio.mineco.es

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