From the business side, EFG Hermes has proven that sustainability is also about the commitment to generating revenues responsibly. One example is the commitment of our Private Equity team through Vortex.
Vortex is a European renewable energy platform managed by EFG Hermes private equity. In two years, the private equity team has built Vortex from a newcomer in the renewable energy investment field into one of the largest renewable energy-focused investment managers in Europe. Vortex currently manages 822 MW in net capacity of solar PV and onshore wind assets, across the United Kingdom, France, Spain, Belgium and Portugal, well on its way to a target of 1.5 to 2 GW of net installed capacity within the coming years.
On a different front, EFG Hermes Leasing launched Egypt’s first alternative energy lease finance solution with KarmSolar, Egypt’s largest private off-grid solar energy integrator. The partner programme is the first of its kind in Egypt, and aims to create a sustainable solar energy financing solution for businesses while addressing the country’s growing demand for alternative energy solutions.
EFG Hermes’ finance arm is committed to providing stakeholders a path out of poverty. Tanmeyah’s
guiding principle is reflected in its community outreach policies. In addition to providing financing for its clients, Tanmeyah offers them guidance, training, and advice on how to achieve their goals.