Averi Finance Endorsed by White House and UAE as Key Energy Investor in Africa

Averi Finance has received endorsement from the White House and the UAE Government, highlighting its role in the African energy sector. This support follows a bilateral meeting between President Joe Biden and UAE President Sheikh Mohamed bin Zayed, emphasizing deepening cooperation in technology and investments.

CEO Gaspar Lino praised the U.S.-UAE collaboration, viewing it as a vital opportunity to enhance development efforts worldwide. Averi Finance recently secured 3.85 GW of renewable energy projects in South Africa and plans significant investments in transmission infrastructure across the SADC region.

Under the U.S.-UAE PACE initiative, Averi Finance aims to invest $5 billion, build 3 GW of power projects, and establish 500,000 new connections, targeting a 90 million ton CO2 equivalent reduction. The firm’s commitment to sustainable energy aligns with global initiatives and regional development goals.

Averi Finance operates in various African markets, leveraging extensive experience to deliver impactful projects. This strategic partnership is set to drive innovative financing solutions addressing critical energy and economic challenges in Africa.