PowerGen Renewable Energy (PowerGen), and Private Infrastructure Development Group (PIDG) are amongst partners, mobilizing resources to provide 120 MW of clean energy power solutions across Africa. The project aims to light up 68,000 households and aid over 7,000 businesses.
The project initially targeted Nigeria, Sierra Leon, and the Democratic Republic of the Congo (DRC), before its focus on the wider sub-saharan region. The first phase of the transaction was reached in January 2025, while the rest will be through debt finance at the end of the year.
The project’s management team is confident that the 120 MW renewable energy project will deliver high-quality green energy infrastructure, especially to the struggling population, and small businesses.
“We are therefore delighted to anchor this new investment. We are pleased to be working with partners to support PowerGen to expand its offering across sub-Saharan Africa at a platform scale that has the potential to be truly transformational,” PIDG Head of Investment Management for InfraCo, Claire Jarratt said.
During the recent meeting between 17 and 18th January, parties expressed the initiative’s dedication to provide, sustainable energy solutions that can combat climate change and create a resilient economy.
Other partners included the following:
- Danish Investment Fund for Developing Countries (IFU)
- EDFI Management Company, through its EU-funded Electrification Financing Initiative (ElectriFi)
- African Development Bank’s Sustainable Energy Fund for Africa (SEFA)
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