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).

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.

Through a $40 million loan, AFD Group is helping to improve access to green electricity in a country marked by a low electrification rate.