Lead party: All On (investor)
Coverage: The Meridian legal market record (editorial).
Fortress Solicitors advised PowerGen Renewable Energy Nigeria Limited on a US$5 million investment from All On. PowerGen is a renewable energy platform operating in several African countries. The investment helps PowerGen expand in Nigeria and deploy renewable energy in underserved communities. It is expected to support up to 6,000 connections and about 41,000 beneficiaries. It also targets up to nine MW of generation and is projected to create about 470 jobs. The Fortress team advised PowerGen from start to closing. Work included structuring the convertible note and negotiating documents with the investor’s counsel. They guided corporate approvals, closing conditions and completion mechanics. They also aligned the new instrument with the guarantor’s existing Series C structure.
Value (as reported): US$5 million.
Law firms: Fortress Solicitors – Counsel to PowerGen (company).
Lawyers named: Lawrence Chidi Ohineme (Fortress Solicitors); Ebenezer Udom (Fortress Solicitors); Oluwabunmi Akinsanya (Fortress Solicitors); Remi Ayodele (Salami) (Fortress Solicitors).
Parties: Investee: PowerGen Renewable Energy Nigeria Ltd; Investor: All On.
Jurisdiction (as reported): Nigeria · Sector (as reported): Renewable energy / Distributed power.
Source: LinkedIn firm publication, posted 28 September 2026. Meridian record LI-DL-2026-0244.
Target: PowerGen Renewable Energy (private company) · Sector: Energy & Utilities, Solar Mini-grids, Commercial & Industrial (C&I) Solar · Countries of operation: Sierra Leone, Nigeria, Kenya, Democratic Republic of the Congo (DRC)
Transaction type: Debt Financing · Asset class: Private Credit · Strategy: Direct Lending · Instrument: Mezzanine Debt · Deal amount: US$5m
Lead investor/buyer: All On Partnerships for Energy Access · Investors/buyers: All On Partnerships for Energy Access
Source: announced 21 September 2026. Original announcement: empowerafrica.com.
