ABOUT US

Crede Power (Crede) is a sub-Saharan renewable energy developer. The Company is looking to acquire, develop, build and operate a portfolio of renewable-energy projects. In this regard, Crede is working towards owning and operating at least 1000 MW of power assets within approximately two years.
Crede is relentlessly working towards becoming a “full-service” developer. Crede Power’s platform will deliver capabilities across renewable energy investment management, project structuring, project finance, project management, and engineering services.

I think the cost of energy will come down when we make this transition to renewable energy.

Al Gore

STRUCTURING AND FINANCING

Deal Analysis

Capital Raising

Valuation

Structuring

Due Diligence

(financial/commercial/operational)

Bid Preparation

Financial Modelling

Project Finance

ENGINEERING AND CONSULTING SERVICES

Engineering services include:

  • Construction
  • Commissioning
  • Maintenance services
  • Auditing
  • Project management

Engineering services for Renewable Energy IPPs include:

  • Equipment installation
  • Electrical reticulation
  • Switchgear installations:
    • commissioning; and
    • maintenance

Crede Private Equity investment unit was born out of a strategic vision to consolidate various shareholder entities under a black-owned and operated buyout renewable energy fund.

BUSINESS UNITS

Operating Assets

As at end December 2015, the South African programme had generated 92 new renewable-energy IPPs across four bidding rounds, totalling R193 billion in investments since the year 2013. The 92 successful projects incorporate more than 100 different shareholder entities. The Crede PE investment business was born out of the strategic vision to consolidate various shareholder entities under a full-service renewable-energy investment firm and full-service developer comprising a quality team of professionals and solid local empowerment credentials.

Preconstruction Assets

We acquire projects at different stages of development and provide the capital and skilled resources to take them to financial close. Our in-house M&A capabilities complement our skill base across development, technical, engineering, commercial and grid to ensure that acquisitions are thoroughly vetted and due diligence targeted on critical risk and value factors. Preconstruction assets may involve taking on early-stage project development projects by partnering with experienced partners. Project development involves engaging field experts in areas such as land rights assessment, design, technical evaluation, environment studies, grid studies and permitting applications.

Services

I think that the world is in the middle of a huge transition that we have to make to renewable energy. We have to transition away from fossil fuels very, very quickly.

Josh Fox

PRIVATE EQUITY

CREDE INVESTOR ONE FUND

The Fund’s objective is to buy out (secondary) equity stakes of operating renewable energy projects commissioned under the SA Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).

SUMMARY HIGHLIGHTS

Structure: En’ Commandite Partnership
Fund Type: Closed End
Strategy: Focused on operating income generating / REIPPPP assets
Sectors: Renewable Energy
Fund Life: 10 years, 2 potential – 1yr extensions
Investment Period: 5 years
Target Returns: SA CPI plus 8% (gross)
Fund Size: ZAR 1,5 billion
Min: ZAR 50 Million
Performance Hurdle : CPI plus 2%

THE FUND

The key principle of the Fund’s investment policy is to provide investors with strong investment returns

INVESTMENT POLICY

The key principle of the Fund’s investment policy is to provide investors with strong investment returns. In implementing its investment policy, the Manager will contemplate available operating and near-operating renewable-energy opportunities and future undertakings that will yield satisfactory returns at acceptable risk levels and, when making investments, will seek to achieve a reasonable level of diversification across a spread of renewable energy assets. The Fund’s investment criteria include the following:

  • The Fund will focus on renewable-energy investments which provide a stable, predictable and low-risk income stream, with opportunities to enhance value through active restructuring of the overall project capital structure.
  • The Fund will only invest in operating renewable-energy assets commissioned under the REIPPP programme.
  • The Fund will invest in renewable-energy assets that offer a contractual inflation pass-through mechanism and renewable-energy assets that enjoy highly inelastic demand profiles.
  • REIPPPP assets will provide investors with attractive returns with relatively low volatility.

50 years of combined experience in various areas within the power sector

THE TEAM

Crede Power seeks to leverage more than 50 years of combined experience in various areas within the power sector, including transaction advisory, investment management, capital raising, early-stage project development, and project finance and structuring. In this regard, the team has collective advisory, investment management, project finance, structuring, early-stage project development that is in excess of 5,000 MW covering various technologies such as On-shore Wind, Solar PV, CSP, Gas and Coal projects.

CONTACT US

Address:

141 Jan Smuts Avenue Parkwood Johannesburg

Contact Details:

Sandile Sokhela, CFA
Managing Partner
Tel: +22 (011) 262 0441
M: +27 (082) 466 7611
E: sandile@credepower.co.za

Crede Power and Infrastructure Investments is a jurisdic rep of Crede Fund Managers, an Authorised Financial Service Provider FSP43123