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    HomeEcosystem NewsVenture Capital & Funding SourcesToyota Tsusho Launches New Venture to Back African CleanTech

    Toyota Tsusho Launches New Venture to Back African CleanTech

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    In a move to spearhead renewable energy initiatives across Africa, Toyota Tsusho Corporation has announced the establishment of AEOLUS SAS, a joint venture based in France. This venture, formed in March 2024, aims to accelerate the promotion of renewable energy projects, including solar, wind, and geothermal power generation, across the African continent.

    AEOLUS SAS is a collaborative effort, with ownership shared equally between Toyota Tsusho’s subsidiaries, CFAO SAS and Eurus Energy Holdings Corporation. This strategic partnership leverages the extensive experience and networks of both CFAO and Eurus Energy in Africa, spanning various sectors such as mobility, healthcare, consumer goods, and infrastructure.

    Toyota Tsusho’s Growth Strategy prioritizes “Renewable Energy and Energy Management” and “Africa” as key domains for advancement. The establishment of AEOLUS SAS signifies a commitment to consolidating efforts and expertise to expand renewable energy infrastructure in Africa efficiently and flexibly.

    The joint venture will integrate ongoing renewable energy projects initiated by Toyota Tsusho, CFAO, and Eurus Energy in Africa. AEOLUS SAS will gradually take over these projects and focus on independent power producer (IPP) initiatives, aiming to develop and expand renewable energy sources tailored to the unique conditions of each African country.

    Speaking on behalf of Toyota Tsusho, President & CEO Ichiro Kashitani emphasized the long-standing commitment to Africa and the renewable energy sector. He highlighted the goal of promoting green businesses to address social issues and achieve carbon neutrality, ensuring a sustainable future for the continent.

    Richard Bielle, Chairman and CEO of CFAO Group, underscored the company’s extensive experience and networks in Africa, expressing the intent to leverage these strengths in collaboration with Eurus Energy to drive renewable energy business growth in Africa.

    Tetsuya Suwabe, President and CEO of Eurus Energy, reiterated the company’s dedication to clean energy technologies and its mission to deliver affordable and clean energy solutions to Africa. He emphasized the contribution towards building a sustainable society and preserving the environment for future generations.

    Hideharu Toba, President of AEOLUS SAS, expressed enthusiasm for the joint venture’s potential to contribute to sustainable growth in Africa through renewable energy projects. He highlighted the collaboration between CFAO and Eurus Energy as a significant step towards achieving this goal.

    The establishment of AEOLUS SAS marks a milestone in the renewable energy landscape of Africa. With a capital stock of EUR 15 million and equal investment from CFAO and Eurus Energy, the joint venture is poised to play a pivotal role in driving sustainable economic development across the continent.

    The establishment ceremony of AEOLUS SAS, held on March 13, 2024, in the French Republic, brought together key representatives from the participating companies. Among them were Tetsuya Suwabe, CEO of Eurus Energy, and Richard Bielle, CEO of CFAO, alongside Hideharu Toba, CEO of AEOLUS SAS, and other prominent figures involved in the venture.

    Company Overview: AEOLUS SAS

    • Company Name: AEOLUS SAS
    • Establishment: March 13, 2024
    • Location: French Republic
    • Representative: President and Managing Director Hideharu Toba
    • Business Activities: Renewable energy business
    • Capital Stock: EUR 15 million
    • Investment Ratio: CFAO 50%, Eurus Energy 50%

    The establishment of AEOLUS SAS signals a concerted effort to drive sustainable development and address energy challenges in Africa through innovative renewable energy solutions. This collaborative venture is poised to make significant strides towards a greener and more prosperous future for the continent.

    Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert. As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard.

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