DEG announces commitment to Cygnum Capital fund
Germany's DEG has disclosed a signed senior loan facility of €50 million to the Facility for Energy Inclusion.
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German development finance institution DEG has disclosed a signed senior loan facility of €50 million to the Facility for Energy Inclusion (FEI), managed by Cygnum Capital.
FEI is a debt fund established in 2019 designed to support small-scale independent power producers.
The funds will be used to expand the fund’s lending capacity for renewable energy projects across Africa. The investment aims to improve access to reliable and clean energy, particularly in underserved rural areas with limited grid connectivity.
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