Progress Builder

With a proven investment track record as specialists in infrastructure and energy projects, we are committed to  a shared vision of progress and have an entrepreneurial mindset. We work on the development of projects that are key to people’s wellbeing and the sustainable growth of their country.

Who are we?

Founded in 2017, STOA is an investment vehicle held bythe Caisse des dépôts et consignations and Agence Française de Développement (French Development Agency), intended to finance new and existing infrastructure in developing countries. 

Our Key Sectors


Generation, storage, transmission and distribution in renewable energy, electricity and gas sectors.


Water and waste treatment, sanitation, incineration, heating networks…


Network, fibre, undersea cables, satellites, data centres.


Highways, roads, bridges, tunnels, ports, airports, urban transit, railways, logistics.


Public buildings, hospitals, clinics, universities, student residencies


  • Power Cameroon

    Investment in an hydroelectric dam project

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  • Power India

    Investment in a wind power platform

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Our news


STOA signs its first investment in Latin America

STOA is thrilled to announce the signing of its first investment in Latin America, which consists in the acquisition of 33% of the Ventos Serra do Mel III (VSM 3) 152 MW wind power plant located in the State of Rio Grande do Norte, in Brazil. This equity investment, which is the outcome of a successful collaboration with French developer Voltalia, confirms STOA’s long-term commitment to renewable energy projects in emerging countries. The VSM3 wind power plant, currently under construction, is expected be operational by Q2 2021.

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STOA and AFD Group's contribution to PPPs

STOA actively contributes to the success of public private partnerships (PPPs) catalyzed by the AFD, thanks to the implementation of optimal financial conditions for the conduct of ambitious and essential projects to the populations of developing countries. Our intervention is tightly linked to the ones of the AFD Group -notably Proparco- and their partner Expertise France. 

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