Finergreen partners with Eiffel Investment Group to speed up the energy transition of Africa
14 Jan 2022

Finergreen is proud to support Eiffel Investment Group in replicating in Africa the successful bridge funding program it already implements in Europe through the fundraising of a US$200 million vehicle. 

Considering that more than half of the population of Africa does not have access to electricity, the strategy aims to accelerate the continent’s electrification with the objective of funding renewable-based assets to an equivalent of two million consumers. 

The European Investment Bank has already initiated due diligence intending to invest up to US$30 million in the fund (subject to internal approvals). Other European and international public and private investors are also assessing the opportunity. The launch is targeted in the first half of 2022.

Damien Ricordeau, our CEO and founder, and Pierre-Antoine Machelon, stated: “We are delighted to bring together a leading asset manager and a leading financial advisor with the aim of meeting an urgent demand for bridge financing in Africa, where Finergreen opened its first international office in 2016.”

In Africa, Finergreen is the leading energy transition financial advisory boutique operating through three offices (Abidjan, Nairobi and Cape Town) and has a team of 15 dedicated experienced professionals.