Press Release: Cenfura® Announces RAIF Investment Vehicle
Cenfura® Announces RAIF Investment Vehicle
London, UK (August 5, 2020) – Cenfura Ltd. is proud to announce the opening of a new investment vehicle - the Cenfura RAIF (Reserve Alternative Investment Fund). Cenfura‘s unique utility token offering has proved to be very popular and due to the growth of the company and scale of investment to bring about large-scale projects, Cenfura will now offer investment through the RAIF as a mechanism for funding of Cenfura’s projects.
Cenfura currently has a large pipeline of projects around the world, with several signed agreements including in Africa and the Americas. In South Africa, Cenfura’s Malachite Mews microgrid project is almost complete, and is expected to be online in August. The RAIF will enable Cenfura to build out and realize this pipeline, in turn creating an expected highly profitable set of ventures with an exceptional return on investment.
“The RAIF is a prime investment vehicle that allows Cenfura to accept investment in a structured and regulated way. It makes investment easy and clear, which is something we hope for all our investors” said Gary Hammond, Cenfura Energy Funds Director.
About a RAIF
The Reserved Alternative Investment Fund (RAIF) is an investment fund that can invest in several types of assets. It qualifies as an alternative investment fund (AIF) and is not itself subject to CSSF product approval. RAIFs must appoint an authorised external Alternative Investment Fund Manager (AIFM). If the AIFM is domiciled in the EU, RAIFs can market their shares, units or partnership interests via a specific passport to well-informed investors across the EU.
Investment in a RAIF is limited to “well-informed” investors that are able to adequately assess the risks associated with an investment in such a vehicle. These are defined as institutional investors, professional investors and investors who have confirmed in writing that they adhere to the “well-informed” investor status, who either invest a minimum of EUR 125,000 in the RAIF and have been assessed by a credit institution, investment firm or management company which certifies the investor’s expertise, experience and knowledge in adequately appraising an investment in the RAIF.
How to Invest
Cenfura takes investment into the RAIF through various means, but the first step to get more information with regards to making an investment decision is to contact the Cenfura investment department, via our online form at https://cenfura.com/investment/ or send email to firstname.lastname@example.org
Cenfura was established with one goal – to accelerate the adoption of fully distributed renewable energy across the globe. The desire for clean, local renewable energy requires a radical transformation and decentralization of the world’s energy systems. As an independent power producer, Cenfura’s role will be to lead this transition by implementing systems and operating assets in the world’s next generation energy systems.
Cenfura Platform is a new blockchain-based system for deploying Community Energy solutions. The core of the platform is a distributed architecture that tightly integrates state-of-the-art energy production, distribution, control, and trading technologies.
Market Analysis: The African Energy Market Eyes Microgrids for Energy Relief
Market Trends - Africa
Africa has seen rapid economic growth this century, with a corresponding increase in the demand for energy. The continent is home to 17% of the world’s population, of which nearly two thirds, around 620 million people, do not have access to electricity.
The shortage of electricity is a significant constraint on the economic growth and development of the continent. Distributed energy based on renewables is seen as an increasingly attractive option that also meets the environmental challenges and is economically viable.
Over the next few years, sub-Saharan Africa plans to tap its vast renewable energy resources with solar PV and wind power leading the growth. South Africa plans to install over 4GW of renewable energy, mostly in the form of wind and solar, while Kenya plans to install 1.4GW and Ethiopia around 570MW.
Africa’s hydropower potential is currently underexploited whilst geothermal power is a major source of energy in East Africa and gas in Nigeria.
With an increasing number of electrification projects based on renewables, a huge opportunity is available in Africa for distributed power generation, which will ensure energy security in the future. The commercial opportunity in the region could generate about $24bn (£18bn) a year (Kleos Advisory), and by 2023 has the potential to create around 1.3 million long-term sustainable jobs.
Impact of Corona Virus on the African Energy Market.
As the world deals with this global pandemic, the economic shock waves are being felt in the renewable energy sector, which is threatening to slow its progress. Without government intervention, the crisis caused by the coronavirus (Covid-19) could considerably disrupt the distributed energy sector.
The extent to which the renewable energy sector is affected by Covid-19 will depend on two key issues: the duration of social lockdown and social-distancing measures and the scope, scale, and timing of economic stimulus packages being put in place by governments to mitigate against the economic downturn.
In the current market conditions, the renewable energy sector is facing three short term challenges; supply chain disruptions, risk of losing any government subsidies or incentives, and the possible decrease in levels of investment.
Over the medium to long term, the renewable energy sector will see a strong recovery and growth in Africa, particularly in the distributed energy market.
South Africa is a signatory to the Paris Agreement on Climat e Change and has ratified the agreement. In line with targets submitted to the UNFCCC in November 2016, South Africa’s emissions are expected to peak, plateau, and decline from the year 2025 onwards.
To achieve these targets, South Africa has adopted a new energy plan for the period 2019 to 2030. In this plan, the government is projecting to significantly increase the contribution of wind and solar power to around 40% of the new energy capacity by 2030.
Dynamics of the South African Power Market
The national utility, Eskom, produces about 95% of South Africa’s electricity. It is currently more than 420Bn Rands (£22Bn) in debt, equivalent to about 8% of South Africa’s GDP. Consequently, Eskom is unable to invest in new capacity or adequately maintain its current capacity.
Electricity prices in South Africa have roughly tripled in real terms over the past decade, and tariffs recently approved by the government will see prices rise by a further 25% in the next three years. Consumers regularly experience electricity disruptions as a consequence of load shedding or poor quality of supply.
Under pressure from industrial and commercial users, the government has taken steps to de-regulate the power sector. This will allow Independent Power Producers (IPPs) to provide power directly to power consumers and industry. The IPPs will also be allowed to trade their excess capacity.
As part of this evolving market, most gated residential communities, commercial parks, and shopping centers have started to install PV systems to either replace or to supplement the grid supply. Large scale industries and the mining sector have begun to work with Independent Power Producers to install wind, solar PV, and energy storage.
The Gated Residential Communities
There are currently 6500 gated residential communities in the Republic of South Africa with a potential demand for power of around 3000MW.
This presents a commercial opportunity for microgrids based on solar PV and battery storage. These microgrids will ensure energy security for these gated residential communities, thus reducing their reliance on the national power grid and deliver a positive impact on the environment.
About the Author:
Shakeel Mughal has over 30 years of experience of working with FTSE 100 multi-national companies as well as mid-sized companies operating in European, Middle Eastern and African regions and managing businesses in high technology sectors including aerospace, defence, ICT, renewable power and Offset management.
Shakeel has Bachelor of Science with Honours from the University of Salford, Greater Manchester, is a Chartered Engineer and a Fellow of the Institute of Engineering and Technology.
https://cenfura.com/market-analysis-the-african-energy-market-eyes-microgrids-for-energy-relief/Shakeel is Cenfura's EVP for the EMEA region
Cenfura Token (XCF) First Public Listing on Bilaxy Exchange
LONDON- The Cenfura Token (XCF) was listed on the Bilaxy exchange April 7, 2020 and trading commenced April 9, 2020. This marks the first public listing outside of the Cenfura Platform. The token is used as part of a blockchain-based solution for managing renewable energy assets. The Cenfura Token (XCF) is available in XCF/BTC, XCF/ETH and XCF/USDT pairs.
“This first public listing marks an important milestone for Cenfura and our team as we deploy our token, platform, and technology to revolutionize how renewable energy is managed, bought, and sold across the world,” said Randall Meals, Cenfura President & CEO.
Cenfura’s global renewable energy assets use XCF tokens to facilitate the buying, selling and storage of energy. Every transaction occurring on the Cenfura Platform is managed with a combination of AI and Smart Contracts and is settled using XCF tokens.
The Cenfura Token (XCF) is not limited to exclusive use by Cenfura owned and operated assets. It can be integrated for use with third-party assets, products, and services. This includes adoption of the Cenfura Token for use by other companies in their smart contracts, transactions, and payment settlement applications, expanding the Cenfura ecosystem.
Cenfura is an independent power producer, established to accelerate the adoption of distributed renewable energy across the globe. Cenfura builds and owns next generation green energy assets and operates them using the Cenfura Platform, a new architecture that tightly integrates state-of-the-art energy production, control, and trading technologies.
Launched in Apr 2018, Bilaxy places a strong focus on liquidity for new tokens for global crypto traders. With 200+ crypto pairs, Bilaxy aims to establish a leading global trading platform that provides a broad range of trading products and services for global traders with a focus on transparency, reliability, quality execution, and client services.
Jussi Schultink, Press Officer
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