Company profile
Afreenergy Solar Limited
Afreenergy Solar Limited is a Mauritius-incorporated independent power producer (IPP) specialising in on-site solar photovoltaic and battery energy storage solutions for commercial and industrial (C&I) customers. Incorporated in 2023 and headquartered in Ebène, Mauritius, the company operates as the solar-focused subsidiary of the Afreenergy group, delivering energy under lease-to-own arrangements and power purchase agreements (PPAs). Afreenergy Solar's primary market is Senegal, where it targets agro-industry, logistics, and other energy-intensive industrial segments. The company's solutions are designed to reduce C&I customers' energy costs by up to 30% relative to the national grid, whilst improving supply reliability. In March 2026, InfraCo Africa, the project development vehicle of the Private Infrastructure Development Group (PIDG), committed EUR 4.3 million as anchor equity investor to scale the company's operations to deliver up to 30MW of solar energy and up to 10MWh of battery energy storage systems (BESS) in Senegal.
- Sector
- Energy and power / Energy Storage (Battery), Commercial & Industrial (C&I) Solar, Independent Power Producers
- Markets
- Senegal
- Founded
- 2003
- Ownership
- Private
- Stage
- Scale-up
- Capital raised
- $18.4m
- Employees
- 11-50
- Business model
- B2B Transactional
Products and services
On-Site Rooftop Solar Installations, Ground-Mounted Solar PV Systems, Battery Energy Storage Systems (BESS), Power Purchase Agreements (PPAs), Lease-to-Own Solar Solutions & C&I Energy Offtake Contracts
Transactions
| Date | Transaction | Type | Value | Market |
|---|---|---|---|---|
| 20 Oct 2026 | Renewable Energy Performance Platform 2 (REPP 2) invests EUR 12 million in Afreenergy Solar | Private Credit, Infrastructure & Project Finance | $13.5m | Senegal |
| 26 Mar 2026 | Private Infrastructure Development Group's (PIDG) Investment in Afreenergy Solar's Operations in Senegal for EUR 4.3 million | Infrastructure & Project Finance, Private Equity | $5m | Senegal |
Source: Partner Researchers.