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Proparco, with support from the European Union, has signed a USD 3m equity investment in RENSOURCE HOLDINGS, a major player in off-grid power generation solutions using renewable energies in Nigeria. This operation has been carried out under the European Union’s ARE Scale-Up (*African Renewable Energy Scale Up Guarantee facility) program to support private initiatives in this sector in Africa.
Client presentation

Developer, builder and operator of solar mini-grids for groups of companies (MSMEs) 

Project description

Financing Rensource’s growth plan

Project impact

In terms of the climate, the project is fully in line with the 100% Paris Agreement mandate, with a reduction of 30k tons of CO2 a year as the expected impact on the climate compared to the initial solutions (diesel generators).

20/09/2019
Date of signature of the project
Nigeria
Location
2 700 000 Euros
Amount of funding
USD 3m Equity Investment
Financing details
Rensource Holdings LLC
Client
CES

The content of this project information sheet falls under the sole responsibility of the Proparco and does not necessarily reflect the opinions of the European Union.


This information is given at the time of signature, without prejudice to any developments in the operation/project