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PROPARCO invests in RENSOURCE, marking its first transaction in partnership with the European Union in the offgrid energy sector

Photo Rensource
With the support of the European Union (EU), PROPARCO invests USD 3 million equity in RENSOURCE (Holdings), a key player in the renewable energy sector in Nigeria. This is the first investment made by Proparco in partnership with the EU under the Africa Renewable Energy Scale-Up facility (ARE Scale-Up).
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Proparco signs its first credit line to a transport finance company in South Asia, Shriram Transport Finance Co Ltd

Proparco signe sa première ligne de crédit au bénéfice de Shriram Transport Finance Company (STFC)
By granting USD 70 million to Shriram Transport Finance Company (STFC) for the financing of Compressed Natural Gas (CNG) light commercial vehicles, Proparco seeks to contribute to the mitigation of particle emissions and the resulting air pollution in India, and also supports access to formal credit for business purchases in deprived areas.
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