Lion's Head invests $7.5m in SolarX's West Africa expansion

Lion’s Head Group-managed fund, the Facility for Energy Inclusion (FEI), has signed agreements to provide €7.5m of senior debt to SolarX and its subsidiaries.

The transaction, structured by FEI, will provide SolarX with the necessary funding and flexibility to expand its portfolio in West Africa.

SolarX is a provider of energy-as-a-service solutions in the Sahel region, including energy efficiency services and commercial and industrial solar solutions. By deploying and financing solar and renewable energy assets, SolarX helps B2B clients to access a cheaper and more reliable source of energy.