Noveal Africa Energy Fund

The power to transform

“By using hybrid small self standing electrifying solutions with a short timeframe from signature to delivery and commissioning, we have a great potential on this market. Using renewable energy sources of wind, water, sun or local biomass stations, we are helping in growing the industry and cleaning up the world as well as creating local workplaces”.
Kjetil Korneliussen, CEO .





Market prospective

To meet its growing demand, Africa has an urgent need to raise the level of investment in its power sector. Analysis of a range of country and regional studies suggests the continent will need to add around 250  GW of capacity between now and 2030 to meet demand growth. This will require capacity additions to double to around 7 GW a year in the short-term and to quadruple by 2030.

Africa is experiencing a huge need for electricity, this have forced and created a liberated open market. By using hybrid small self standing electrifying solutions with a short time frame from signature to delivery and commissioning, we have a great potential in this market.
Using renewable energy sources of wind, water sun or local biomass station, we are helping in growing the industry and cleaning up the world as well as creating local work places.




NOVEAL's FUND profile

The Noveal Africa Energy Fund has been set up by the Trust Consult Group in association with Noveal to give private individuals and corporates the opportunity of investing advantageously in energy projects on the African continent, with particular focus on renewable energy and clean technologies.

It is structured as a Luxembourg Special Limited Partnership to assure efficient accounting, administration and tax management. The contracts are financed through Noveal Africa investment fund in Luxembourg and Mauritius that enable investors to invest in a professional investment program organised through TRUSTCONSULT GROUP of Luxembourg.

Structuring projects via the Special Limited Partnership Fund will demonstrate not only to investors but also to governmental, nongovernmental and private partners that Noveal S.A., it’s Fund and projects have access to and benefit from tailored and state-of-the art financial services delivered from prime world-renown jurisdictions, boosting, inspiring and attracting investor confidence.


Target Fund Size (M$) 
To be announced.

Target Gross IRR
To be announced.

Target Equity Multiple
To be announced.

GP Commitment
To be announced.

Investment period
To be announced.

Our vision, mission and values

  • Our vision is a world where every man, woman and child has access to clean, sustainable, affordable water and electricity. We know we can’t do that on our own. But we are prepared to do more than our fair share.

  • Our mission is to serve the needs of local communities in developing countries by providing them with a reliable, affordable and environmentally friendly power supply, clean water, waste treatment and recycling. To this, we bring innovative technology solutions to the market, collaborating on an international scale with scientists, global industries, SMEs, public authorities, and local populations.  Using our international experience, we aim to enter into strategic partnerships with local entrepreneurs to help them set up local manufacture so that they can commercialise renewable energy solutions to meet local needs thereby growing the manufacturing base in Africa, providing employment and improving GDP and balance of payments.

  • Our values – we are independent, community-minded and dedicated to providing affordable, sustainable solutions. We are strongly committed to giving something back to developing nations, sharing our knowledge and experience.

About us

Headquartered in Switzerland, Noveal was established in 1974 and by the time the current owners acquired the company in 2007 it had developed a specialisation in LED lighting. We have been involved in the energy sector in Africa since 2008, initially active in large-scale projects for LED lighting for industrial and urban applications – principally in South Africa – and we decided to get into electricity generation in 2011. Since then we have established distribution agreements and technology partners so that we can answer the largely unmet need for versatile, small-scale off-grid energy generation.

Our aim is to become a world class supplier of renewable energy solutions and energy efficient technologies by bringing together proprietary technology and best-in-class OEM components to provide a full service turnkey energy platform that has the power to transform off-grid communities.

 

Our story 

We always knew that our intelligent, multi-functional LED lighting would find a receptive market in South Africa. We have won many contracts in the public sector particularly because of our ability to create well-lit, more secure public spaces that are cost-effective to run and maintain as well as offering revenue potential. 

Our success in lighting brought us to the question of how to generate enough electricity to keep more and more lamps operating throughout the hours of darkness, given the frequency of power outages. That got us thinking about the whole problem of Africa’s power deficit. Mini-grids using renewable technologies are not a new concept, but it seemed to us there is also a need for a more flexible, even smaller scale solution. Which is when we started researching available technology, then identifying and recruiting partners who share our ambitions. Today, we are in the position to be an attractive turnkey partner to international renewable energy technology suppliers, financial institutions, local SMEs and the public sector, playing our part in bringing clean, affordable, sustainable energy – and water – to communities that other mini-grids can’t reach.

Noveal project news

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Our partners

Technology Partners 

Biomass and biofuels Zorg Biogas AG, Switzerland
 
Hydropower Vaptec, Bulgaria
 
Clean water Fontes, Norway
 
Solar photovoltaic Solbes, Norway
Ecosolifer, Switzerland, Bulgaria)
 
Wind power Sky Wind Energy, Denmark, Switzerland
Nordic Green Venture
 
Smart grid and metering Zenergy, South Africa
Conlog, South Africa
 
Engineering and automation Bee Pitron, Russia
DPX Innovation
 
LED and energy efficiency Apollo Lighting, Germany
Lumenia, Slovenia
Lumx, Norway
 


Financial partners

Trust consult Group
Finance and Competence



R&D Partners

EPFL Switzerland
ETH Switzerland
Narvik University, Norway

Noveal Africa Energy Fund

The Noveal Africa Energy Fund has been set up by the Trust Consult Group in association with Noveal to give private individuals and corporates the opportunity of investing advantageously in energy projects on the African continent, with particular focus on renewable energy and clean technologies. It is structured as a Luxembourg Special Limited Partnership to assure efficient accounting, administration and tax management. Further information is available from info@noveal.lu

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