March 6

New French Fund With 87.5 Million Euros Targets African Solar Development

A new investment fund with 87.5 million euros ($92.63 million) will finance solar power production across Africa, with a focus on West and Central Africa, French fund manager RGREEN INVEST and investment adviser ECHOSYS INVEST said on Friday.

The AFRIGREEEN Debt Impact Fund’s first closing will finance on- and off-grid solar power plants for small- and medium-sized commercial and industrial consumers across the continent, the statement said.

Photo courtesy of DIVatUSAID.

Source: Reuters (link opens in a new window)

off-grid energy, renewable energy, solar