The AFRIGREEN Debt Impact Fund, managed by RGREEN INVEST, has announced a €15 million ($17 million) senior-secured financing facility to SolarX, a company supported by E3 Capital, FMO, Proparco and Triple Jump.
This financing aims to accelerate the deployment of solar photovoltaic solutions for commercial and industrial (C&I) customers in West Africa.
The facility, which includes a short-term tranche and a long-term tranche, will enable refinancing of existing assets as well as investments in new power plants in Côte d'Ivoire, Senegal, Mali and Burkina Faso. SolarX provides energy solutions to clients in agro-processing, packaging, telecommunications, hospitality, cosmetics and other industries, reducing their energy costs and dependence on fossil fuels. Due to its local presence and operational expertise in four West African markets, SolarX contributes directly to the energy transition of companies in the region.
For AFRIGREEN, this marks the fund’s se
