Transaction

Renewable Energy Performance Platform 2 (REPP 2) invests EUR 12 million in Afreenergy Solar

Announced

20 October 2026

Target

Afreenergy Solar Limited

Value

$13.5m

Asset class

Private Credit, Infrastructure & Project Finance

Type

Project Financing, Debt Financing

Instrument

Senior Debt

Lead investors

Camco Management Limited

Investors

Camco Management Limited

Sector

Energy and power / Independent Power Producers, Energy Storage (Battery), Commercial & Industrial (C&I) Solar

Markets

Senegal

About the target

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.