ECHOSYS INVEST is proud to announce the signing of a USD 15 million loan from AFRIGREEN DEBT IMPACT FUND to finance solar C&I projects by westa.solar, a subsidiary of Ignite Power.
AFRIGREEN is a leading investment fund managed by RGREEN INVEST and advised by ECHOSYS INVEST, focused on sustainable energy solutions and backed by prominent institutions including the European Investment Bank (EIB), the IFC – International Finance Corporation, BIO Belgian Investment Company for Developing Countries, FMO – Dutch entrepreneurial development bank, Proparco, Société Générale, and BNP Paribas.
“This is AFRIGREEN’s second transaction in Nigeria, and the first in local currency,” said Alexandre Gilles, Managing Director of ECHOSYS INVEST. “Our ability to offer Naira-denominated loans is key to unlocking the full potential of the renewable energy sector in the country. The IFC – International Finance Corporation played a crucial role in providing bespoke hedging instruments to mitigate currency risk.”
Latest news AFRIGREEN is pleased to support the financing of Gabon’s first utility-scale solar power plant through the AFRIGREEN Debt Impact Fund, managed by RGREEN INVEST and advised by ECHOSYS INVEST. Alongside BGFIBank, AFRIGREEN has signed a €28 million loan agreement to finance Phase I of the Plaine Ayeme solar project, developed by SOLEN SA near Libreville. […]
Sandveld Solar Park (4.6MWp), financed by AFRIGREEN Debt Impact Fund, managed by RGREEN INVEST and advised by ECHOSYS INVEST, has successfully commenced commercial operations in Ghanzi, Botswana. The project will generate approximately 9 GWh of clean electricity annually and avoid nearly 9,000 tonnes of CO₂ emissions per year, while contributing to local employment and skills […]
The AFRIGREEN team is proud to have contributed to the AFSIA Africa Solar Outlook 2026, a flagship publication covering all 54 African countries. This study has become an essential reference for governments, investors, energy providers, and private-sector stakeholders shaping energy policies and investment decisions across the continent. The 2026 edition highlights that solar deployment in […]
