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Oluwafemi Awodele
1 month ago
Overview
PowerGen Renewable Energy (PowerGen) at the weekend announced its partnership with leading international investors to establish a scalable, distributed renewable energy platform, for the deployment of 120mw clean energy power solutions across Africa.
Aside from PowerGen, other partners include: Private Infrastructure Development Group (PIDG), the Danish Investment Fund for Developing Countries (IFU), EDFI Management Company, through its EU-funded Electrification Financing Initiative (ElectriFi), and the African Development Bank’s Sustainable Energy Fund for Africa (SEFA).
The anchor commitment from PIDG was made through the investment arm of InfraCo, its project development solution, with concessional capital provided by PIDG technical assistance.
