French infrastructure fund manager RGreen Invest has successfully completed the final closing of the Afrigreen Debt Impact Fund, reaching a €100 million fundraising target. This milestone marks a significant step in supporting Commercial & Industrial (C&I) solar and small utility-scale solar power plants across Africa.
Addressing Energy Needs in Africa
The Afrigreen Debt Impact Fund, advised by Echosys Invest (a joint venture between RGreen Invest and Echosys Advisory), provides much-needed senior debt financing to solar projects. These investments help African businesses:
- Lower energy costs 💰
- Enhance power reliability ⚡
- Reduce greenhouse gas emissions 🌱
By focusing on small to mid-sized solar projects, the fund enables local enterprises to access sustainable and affordable energy solutions, fostering long-term economic resilience.
Strategic Investments & Future Growth
With six investments already completed in Nigeria, Morocco, and Botswana, the fund targets 15 to 20 projects, deploying financing amounts of up to €15 million per project over an average investment period of 10 years. These projects are expected to contribute to the achievement of multiple United Nations Sustainable Development Goals (SDGs), including:
- SDG 7: Affordable & Clean Energy
- SDG 9: Industry, Innovation & Infrastructure
- SDG 12: Responsible Consumption & Production
- SDG 13: Climate Action
Backed by Leading Financial Institutions
Afrigreen has garnered support from prominent international financial institutions, including:
- European Investment Bank (EIB)
- International Finance Corporation (IFC – World Bank Group)
- FMO (Dutch Entrepreneurial Development Bank)
- Proparco (French Development Agency Group)
- Belgian Investment Company for Developing Countries (BIO)
- Private sector investors: Société Générale & BNP Paribas
These partners ensure that best-in-class ESG and impact investment standards are applied across all financed projects, reinforcing the commitment to sustainability and responsible investing.
Unlocking Africa’s Solar Potential
Afrigreen is setting a precedent for impact-driven financing by bridging the funding gap for scalable solar projects in Africa. The fund’s agile financial solutions ensure rapid deployment of capital, enabling businesses to accelerate their energy transition efficiently.
With Africa’s vast renewable energy potential and increasing investor confidence in sustainable infrastructure, the Afrigreen Debt Impact Fund provides a blueprint for future green financing initiatives.
What are your thoughts on financing models for Africa’s energy transition? Let’s discuss in the comments! 👇
Finteam 