Stephenson Harwood LLP Advised Acumen On Launch Of African Clean Energy Fund
Stephenson Harwood (Singapore) Alliance advised Acumen on launch of African clean energy fund
Global Law firm Stephenson Harwood (Singapore) Alliance has advised Acumen, a global impact investor building markets to solve poverty, on the launch of its Hardest-to-Reach Initiative (H2R), which secured $246.5 million in approved and committed capital. H2R is a first-of-its-kind blended finance strategy to scale clean and inclusive energy solutions in sub-Saharan Africa’s most underserved regions.
Launched at COP28 in 2023, H2R is anchored by an award from the Green Climate Fund (GCF) and represents Acumen’s most ambitious energy effort to date. The fund welcomes investment from key global partners including GCF, IFC -International Finance Corporation, British International Investment, Soros Economic Development Fund, Nordic Development Fund and Shinhan Bank.
The Stephenson Harwood (Singapore) Alliance team was led by Nick Horton (Partner), and John Meehan (Partners), William Robertson (Partners ),and Shaun Park (Partner), Alan Sauvain (Managing Associate ), and Kim Owens (Associate).
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