SolarX Secures €15M For West Africa Solar Push

Key Figures & Findings: SolarX, a West Africa–focused commercial and industrial solar provider, has secured a €15M senior secured loan from the Afrigreen Debt Impact Fund, managed by RGREEN INVEST and advised by Echosys Invest. The financing will help SolarX accelerate its deployment of solar systems for commercial and industrial (C&I) clients across West Africa. The investment targets growing demand for reliable, clean energy in key sectors.

 Statistics & Insights:

• Funding: €15 million senior secured loan, provided by the Afrigreen Debt Impact Fund.

• Use of Capital: The capital will be used to refinance existing operational assets and unlock new investments.

• Target Countries: The expansion focuses on the Ivory Coast, Senegal, Mali, and Burkina Faso.

• Target Sectors: SolarX provides solutions to businesses in agro-processing, packaging, telecommunications, hospitality, and cosmetics, among other industrial sectors.

Future Implications: If SolarX deploys the new capital effectively, it could deepen its market share in four countries and potentially standardize C&I solar adoption across priority industries. 

Source:  Ecofin Agency

Quick Take: Afrigreen fuels SolarX’s next solar leap ☀️🚀