UK Law Firm Aids African RE

Cobbetts, a Birmingham-based law firm, has worked on two finance deals for African renewable energy companies in Namibia and Sierra Leone. The firm advised Namibia Agriculture and Renewables and Sierra Leone Agriculture on investments from British manufacturing group Caparo.

 

Both African renewable energy companies had been looking into financing to further develop their jatropha biodiesel (Namibia) and palm oil projects (Sierra Leone). Caparo CEO Angad Paul said that he hoped the investment would be the first of many from his firm.

 

Charles Bond of Cobbetts said: “This latest round of investment will enable both companies to gear up for the commencement of production and exportation of biodiesel. Renewable and green energy are very much in vogue following the weakening of the commodities markets and we hope that this will be one of many projects that Cobbetts is involved with in the sector in the near future. Cobbetts has a strong renewables and clean-tech offering across the firm and we expect there will be similar deals as sectoral activity continues to increase.”

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