Rensource announces a $15m deal with AFRIGREEN Debt Impact Fund SLP

July 13, 2023

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.

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  • July 13, 2023

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 […]