The International Finance Corporation (IFC) has announced plans for an equity investment of up to $15 million in the Catalyst MENA Climate Fund II, a new climate-focused investment vehicle launched by Catalyst Investment Management.
Catalyst Investment Management specializes exclusively in renewable energy, energy efficiency, and energy and water technology investments across the Middle East and North Africa (MENA) region. The firm has a strong track record in clean energy financing and aims to accelerate the region’s transition to low-carbon solutions.
The new fund marks Catalyst’s second major initiative, following the successful Catalyst MENA Clean Energy Fund I, which closed in 2016 with $57 million raised. Catalyst MENA Climate Fund II is targeting between $150 million and $200 million, with an anticipated first close of up to $85 million by December 2025.
Catalyst MENA Climate Fund II will focus on climate mitigation and adaptation projects, including:
- Renewable power generation
- Energy storage solutions
- Energy-efficiency technologies
- Water-related infrastructure
The fund’s primary geographic focus will be Jordan, Egypt, Tunisia, and Morocco, countries with strong renewable energy potential and growing demand for sustainable infrastructure.
