AFRIGREEN
DEBT IMPACT FUND
AFRIGREEN Debt Impact Fund* is a €100 million Fund (€125 million hard cap) dedicated to renewable energy projects in Africa.
The Fund aims to provide long term debt solutions to renewable energy projects: solar, electricity storage, wind, biomass and hybrid projects.
The purpose of this Fund is twofold: first, to support African SMEs and SMIs in cutting down their energy bill as well as their diesel dependency; second, to facilitate the transition to green energy by increasing the penetration of solar photovoltaics in Africa.
For any questions, please contact our team: afrigreen@rgreeninvest.com
* AFRIGREEN Debt Impact Fund is a French regulated AIF Fund only open to professional investors. The Fund applies IFC Performance Standards and EIB Environmental & Social Standards. The Fund will follow an environmental and social management system under which all projects will be audited to assess positive and negative impacts in terms and environmental and social aspects.
AFRIGREEN pays specific attention to the risk of forced labour being used in the production of solar photovoltaic panels and their components. It condemns the use of such forced labour for the production of solar photovoltaic panels or their components.
RGREEN INVEST brings to the attention of potential investors the risks to which they are exposed by investing in the Fund. These risks will be detailed in the Fund’s regulation. Past performance is no guarantee of future performance.
AFRIGREEN: An impact Fund
The launch of the AFRIGREEN Fund represents an important milestone for RGREEN INVEST. For the first time, we have decided to structure a Fund around the concept of both environmental and social impact.
The Fund ambitions to finance, through direct project lending and asset-based debt facilities, solar photovoltaic energy infrastructure distributed across Central and West Africa, with a particular focus on Nigeria, Ivory Coast, Senegal, Ghana and Cameroon.
AFRIGREEN DEBT IMPACT Fund is classified as article 9 of the SFDR and contributes to the achievement of the Sustainable Development Goals 7 (Clean and Affordable Energy), 9 (Industry and Infrastructure), 12 (Responsible Consumption and Production), and 13 (Action on Climate Change) set by the United Nations.
What is impact investing?
We believe that impact investing has the potential to convince investors that it is possible to reconcile monetary returns with positive benefits in terms of environmental and social impact, thereby minimizing long-term risk.
While there is still no official definition, Impact Investing has come to be characterized by three criteria 1) intentionality: to give the capital invested an environmental and social objective; 2) additionality: to promote positive changes in the ecosystem, as levers for transformation; 3) measurement: to serve as quantifiable evidence of the intended additional impact.
impact OBJECTIVES
AFRIGREEN is a senior debt impact Fund created to support West African and Central African C&I companies to accelerate the continent’s green energy transition and reduce its energy bill and reliance on fossil fuels.
INVESTMENT STRATEGY
Long term Project Finance Debt in all Africa
INVESTMENT PARAMETERS
Solar projects of up to 15 MW for Commercial and Industrials or Utility Scale
AFRIGREEN is backed by institutional investors
AFRIGREEN is a French limited partnership funded by the European Investment Bank (EIB), the International Finance Corporation (IFC), the Belgian Investment Company for Developing Countries (BIO Invest), PROPARCO (Groupe Agence Française de Développement), Société Générale and BNP Paribas.
AFRIGREEN is managed by a team of experts with strong industry experience
The Fund is managed by RGREEN INVEST, an investment manager regulated by the French Autorité des Marchés Financiers.
ECHOSYS ADVISORY is an advisory firm dedicated to the financing of renewable energy, sustainable agriculture and industrial decarbonation, founded in 2020 by Alexandre Gilles and Olivier Leruste. The financial advisory practice is headed by Laetitia Dubois, Managing Partner. The team assists its clients in the financing of their energy transition projects through a wide range of services such as financial structuration, fundraising (debt and equity), mergers & acquisitions mandates, and strategic consulting.
ECHOSYS INVEST is a 50/50 joint venture (registered as Conseiller en Investissement Financier CIF in France) between RGREEN INVEST and ECHOSYS ADVISORY created in 2021 as the dedicated AFRIGREEN fund advisor designed to manage and structure the AFRIGREEN investment strategy. Its purpose is to focus on Africa’s energy transition, and more specifically to bolster solar penetration across the Sub-Saharan region.
