Globeleq is an experienced operating power company, actively developing energy projects for the emerging markets of Africa and the Americas. The company develops economically sustainable businesses that support the continued development of the electric power sector in these regions and actively participates in the communities in which it operates.
The company was launched in 2002 when the UK's CDC Group contributed both equity capital and a portfolio of power assets to the new enterprise. Over the next 5 years, Globeleq became a power industry leader in the emerging markets by operating or acquiring interest in multiple power facilities totalling nearly 4,000 MW of generation capacity in more than 20 countries.
In 2007, Globeleq divested its holdings in a number of power companies in its portfolio. Legal ownership of Globeleq was transferred in 2009 from CDC to the Actis Infrastructure Fund, a fund managed by Actis, the leading equity investor in emerging markets. The company continues to safely operate electricity generation facilities and has achieved rapid growth through development of new power generation projects and acquisition of operating facilities.
With a committed shareholder providing access to funds for investment, Globeleq is uniquely positioned for further investment in the power industries of its target regions in Africa and the Americas. CDC continues to be a key stakeholder in Globeleq’s business as a material investor in the Actis Infrastructure Fund.