NOR Capital Partners Limited has signed a Memorandum of Understanding (MOU) with a leading Pan-African development finance institution to establish a $200 million blended finance facility dedicated to climate-aligned infrastructure and energy transition projects across West Africa.
Facility Structure
The facility will combine concessional capital from the DFI with commercial co-investments mobilised by NOR Capital Partners. The blended structure is designed to de-risk investments and attract additional private capital into renewable energy, energy access, and sustainable infrastructure projects.
Initial deployments are expected to target solar PV projects, mini-grid systems, and green building infrastructure in Nigeria, Ghana, and Senegal.
"This partnership reflects the growing confidence of international development finance in Nigeria's energy transition ecosystem and in NOR Group's capacity to structure and deliver bankable projects." — NOR Capital Partners
Strategic Significance
The MOU is part of NOR Group's broader strategy to position itself as a capital mobilisation platform for institutional investors seeking climate-aligned opportunities in Africa. The facility is expected to support a pipeline of 8-12 projects over a 5-year deployment period.
Next Steps
Both parties will now proceed to finalise the facility terms, establish an investment committee, and begin screening projects from NOR Group's existing pipeline. The first tranche of capital is expected to be deployed within 6 months of final documentation.