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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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 […]

AFRIGREEN contributes to the AFSIA Africa Solar Outlook 2026

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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 […]