CLP has assisted Norfund in investment in Green Create

CLP has assisted Norfund in its investment in Green Create, a waste-to-value group with operations in Mauritius and South Africa. The investment is made in partnership with the South African fund Infra Impact.

The Green Create facilities treat both millions of litres of effluent wastewater as well as processes thousands of tonnes of agricultural waste each year. The company's operations reduce the load on the downstream municipal water treatment infrastructure as well as landfilling and generate biogas that can replace fossil fuels in industrial processes. In South Africa coal still dominates the energy mix, and biogas is a renewable energy source.

Green Create currently operates three anaerobic digestion plants, two of which are in South Africa and one in Mauritius. Together, these plants produce biogas, electricity, thermal energy, and clean water, while also recovering nutrients for use as fertiliser.

"The waste infrastructure is limited and overburdened, the waste volumes are escalating, and there are shortages of electricity and water. Green Create has demonstrated that they can help tackle these substantial challenges simultaneously, in a commercially viable approach, which is an impressive achievement, and makes us enthusiastic about investing in the company," says Vegard Benterud, Investment Director for Green Infrastructure in Norfund.

The team from CLP consisted of partner Alexander Lund, partner Amund Erdal and associate Andreas Winnem Lossius.

A link to Norfund's press release can be found here.