• BII, Alexforbes commit 1 billion rand to Revego energy fund

• Investment targets secondary market for South African renewable assets

• Deal supports UK-backed just energy transition in South Africa

British International Investment (BII), the UK’s development finance institution, and Alexforbes Investments announced on Tuesday, Jan. 27, 2026, a joint commitment to invest 1 billion rand (approximately $63 million) in the Revego Africa Energy Fund. The investment aims to support the development of a secondary market for renewable energy assets in South Africa.

According to the statement, the investment is intended to strengthen liquidity in the sector by facilitating the transfer of asset ownership from developers to long-term investors. This mechanism is expected to allow developers to redeploy freed-up capital into new renewable energy projects. The process is expected to help create a more accessible and liquid secondary market.

British International Investment said the deal is part of the United Kingdom’s support for South Africa’s energy transition, particularly through the Just Energy Transition Partnership (JETP).

“As we evolve our climate finance approach in Africa, we remain committed to supporting a burgeoning market for renewable assets. In this case, we are deepening our support for Revego to build a liquid secondary market for renewables in Sub-Saharan Africa. By unlocking liquidity, we enable early-stage developers to recycle capital into new greenfield projects,” said Chris Chijiutomi, Managing Director and Head of Africa at British International Investment.

The investment is part of the United Kingdom’s broader support for the decarbonisation of South Africa’s energy sector. On Jan. 22, 2026, London announced the extension of its $1 billion climate-related debt guarantee for South Africa. According to the British High Commission, cited by Bloomberg, the guarantee is intended to support the implementation of the Municipal Utility Reform Project and other low-carbon infrastructure. It is part of the United Kingdom’s contribution of approximately 1.5 billion euros to the JETP.

Abdoullah Diop