IFC proposes investment in Afrigreen Debt Impact Fund

The IFC has disclosed a proposed €20 million equity investment in the Afrigreen Debt Impact Fund.

Afrigreen is an infrastructure senior debt fund offering financing solutions to implement small to medium on- and off-grid solar power plants, mostly to commercial & industrial (C&I) consumers in West and Central Africa. The fund will have a target cap size of €100 million with a hard cap at €125 million, and a maturity of 10 years. The fund will invest in EUR, USD, and when relevant in local currency (in Nigeria and Ghana).

The fund, formed as a limited partnership and domiciled in France, is managed by RGREEN INVEST and advised by Echosys Invest.

RGREEN INVEST is a European alternative investment fund manager with an exclusive focus on energy transition, adaptation to climate change and mitigation of its effects. Since 2013 RGREEN INVEST has supported over 1,500 projects in Europe for an installed capacity of more than 3.3 GW.