PIDG commits €4.3m to scale Afreenergy Solar in Senegal
Afreenergy Solar’s model focuses on on-site solar and storage for Senegalese businesses.
** For the best experience, download the free Africa Private Equity News app Android | iOS **
The Private Infrastructure Development Group (PIDG) has committed €4.3 million to scale Afreenergy Solar, a specialised platform developing clean energy solutions for commercial and industrial (C&I) customers in Senegal. The company aims to expand over time into selected markets in West and Central Africa.
PIDG’s commitment was made through its project development vehicle InfraCo.
The project will see Afreenergy Solar scale its operations to deliver up to 30MW of solar energy and up to 10MWh of battery energy storage systems (BESS).
Afreenergy Solar CEO, Christian Cachat said, “This transaction gives Afreenergy Solar the means to scale a specialised C&I clean energy platform in Senegal, while laying the foundations for disciplined expansion over time. We are honoured to have PIDG’s support, through InfraCo, as an anchor investor at this stage of our development. Our focus is on delivering practical, bankable solar and storage solutions that help businesses secure more reliable power, lower energy costs and strengthen operational resilience. Senegal is a priority market for us and a strong base for future scale.”
Omar Jabri, head of business development for InfraCo said, “We are excited to work with Afreenergy Solar to scale access to reliable, clean energy for Senegal’s commercial and industrial customers. PIDG is committed to getting infrastructure finance moving and multiplying to accelerate action on climate change and to deliver sustainable development outcomes. The Afreenergy Solar transaction epitomises this work, facilitating sustainable economic growth whilst driving down emissions.”
Want to know who is raising, investing, and exiting in Africa? Get Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Subscribe now