Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

China, Japan Drive Africa Renewable Investment

Don't Miss Out —
Follow us on:

June 20 (Bloomberg) -- Chinese power companies and Japanese trading houses are emerging as major financiers of African renewable energy projects, which saw investment quadruple to $9.3 billion last year, Baker & McKenzie LLP said.

“Asian investors are increasingly targeting African renewable energy projects,” attracted by better returns and strong wind and solar resources on the continent, the Chicago-based law firm said in report today based on a global survey of 140 industry executives.

Recent deals include the 20-billion-yen ($205 million) Dorper wind farm in South Africa that sold a 60 percent stake to Sumitomo Corp. and was partially debt financed by Sumitomo Mitsui Banking Corp., it said. The Export-Import Bank of China also provided $315 million of loans for a 360-megawatt hydropower station in Zambia, according to the report.

Last year, Asia-Pacific companies and investors announced $6 billion of acquisitions of renewable energy assets outside of their region, compared with $1.9 billion in 2011, according to the report.

To contact the reporter on this story: Natalie Obiko Pearson in Mumbai at

To contact the editor responsible for this story: Reed Landberg at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.