Building on its successful 2017 equity investment in PASH GLOBAL, the renewables developer, Trafigura has established Nala a new fund which will invest in a range of solar, wind and power storage projects globally.
This aligns with PASH GLOBAL’s vision and strategy, working closely with Trafigura, to deliver 1GW of projects by 2022.
“Trafigura is showing leadership in the field with its strategic, long-term investment in renewable energy. The key to making those investments a success is a combination of origination, structuring and a deep understanding of the market. Using these principles we continue to develop projects with strong financial returns in a number of jurisdictions. The launch of the Nala fund is timely. The looming prospect of climate change makes good investments in this market undeniably attractive to any forward-thinking investor”. Kofi Owusu-Bempah and Vine Mwense, Founders of PASH GLOBAL.
Through PASH GLOBAL, Trafigura has to date invested in a 50MW solar farm in Mali (the first of its kind and largest in West Africa), a hybrid battery storage, wind and solar project on the Island of St Helena (which will go online in 2021) and a 30MW distributed generation PV portfolio for the largest downstream oil company in Puerto Rico which is currently in construction.
About PASH Global
PASH Global (PASH) is an impact investor in the clean energy sector. PASH is a London headquartered company established in 2012 to develop, finance, build, operate and maintain power assets globally. PASH is backed by the Trafigura Group and is looking to invest £1 billion over the next 5 years. For more information, please visit www.pashglobal.com
Trafigura is an independent, employee-owned physical trading and logistics business. Throughout 25-year history, Trafigura prospered by questioning the status quo. In the early years, Trafigura was one of a few trading firms challenging the traditional dominance of the big institutions.
Today, Trafigura forges robust connections through our global network, efficient logistics and unparalleled market understanding. Trafigura’s end-to-end services connect producers, processors and consumers worldwide. Trafigura invests hundreds of millions of dollars in infrastructure.
Trafigura is among the market leaders in energy, metals and minerals. With 66 offices in 38 countries, Trafigura has global reach and scale. For more information, please visit https://www.trafigura.com.