RGREEN INVEST, a pioneer in energy-transition financing, and ECHOSYS INVEST, a 50-50 joint venture between RGREEN INVEST and ECHOSYS ADVISORY, have announced the final closing of the AFRIGREEN Debt Impact Fund after reaching its €100 million ($104 million) fundraising target.
The senior debt fund provides long-term debt solutions to finance commercial and industrial solar and small-size, utility-scale solar power plants in Africa, enabling businesses to reduce their energy costs, enhance the reliability of their power supply and lower their greenhouse-gas emissions.
The AFRIGREEN Debt Impact Fund was supported by several international financial institutions, including the European Investment Bank (EIB), the International Finance Corp. (IFC – World Bank Group), FMO, the Dutch entrepreneurial development bank, PROPARCO (French Development Agency Group), the Belgian Investment Company for Developing Countries (BIO), and private investors such as Société Générale a
