British International Investment to invest $200m in the Norfund and Scatec joint venture.

British International Investment, the UK’s development finance institution, agreed to invest $200m in the Norfund and Scatec's African hydropower joint venture. "Hydropower is critical for providing clean baseload and peaking power, especially in landlocked countries in Africa, as the continent countries transition away from fossil fuels towards a net zero future. BII along with its partners will play a key role in providing inclusive and sustainable finance to support hydropower in sub-Saharan Africa. It is great that we are partnering with Norfund and Scatec in this partnership," Chris Chijiutomi, BII Managing Director, Head of Infrastructure Equity, Africa & Pakistan.