Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what the total value is of CDC Group's current investments in (a) solar and (b) wind energy in Mozambique.
CDC has invested over $1 billion of climate finance into developing countries in Africa and South Asia since 2017. CDC's climate strategy sets out its comprehensive approach to align all of CDC's investing activities with the Paris Agreement, based on the core principles of reaching net zero by 2050, enabling a just transition and strengthening adaptation and resilience.
CDC's full energy portfolio, as of December 2019, is available online: https://assets.cdcgroup.com/wp-content/uploads/2020/09/11174306/Fossil-Fuels-and-Renewables-portfolio-as-at-31-December-2019-pdf.pdf.
CDC has an indirect renewable energy investment in Mozambique, Enventure Africa S.A, through DI Frontier Fund 2. Investment values for individual companies are commercially sensitive and are therefore unable to be disclosed.