Echosys Invest is thrilled to close a $15m transaction with Rensource Energy to fund the construction of over 30MW of Rensource C&I portfolio in the next 3 years.
It marks AFRIGREEN’s first investment since the closing of the fund. It is also the first step of a promising collaboration between the two companies, as AFRIGREEN will be able to accompany Rensource Energy’s pipeline development in a buoyant C&I market in Nigeria. Africa’s commercial and industrial companies are massively turning to solar PV panels to reduce their dependency on diesel generators, reducing energy bills, fuel consumption, and CO2 emissions.
Companies such as Rensource Energy are promoting C&I projects and AFRIGREEN will support them with debt financing.
Latest news AFRIGREEN Debt Impact Fund, managed by RGREEN INVEST and advised by ECHOSYS INVEST, has entered into a new a €15 million senior secured financing facility with SolarX, a company founded by Karim Ghammache and supported by E3 Capital, FMO – Dutch entrepreneurial development bank, Proparco and Triple Jump. This financing aims to accelerate the deployment […]
ECHOSYS INVEST is proud to have successfully raised the AFRIGREEN DEBT IMPACT FUND to the €100 million target in partnership with RGREEN INVEST. We are deeply honored by the trust of our investors and excited to expand our capital deployment in Africa AFRIGREEN’s initial investments have confirmed the growing demand for capital among project developers […]
ECHOSYS INVEST is proud to announce the signing of a $ 15 m loan from AFRIGREEN DEBT IMPACT FUND to finance solar C&I projects by WATT Renewable Corporation. 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 […]
