GHANA-SIERRA LEONE: Eiffel supports productive solar with a €3 million loan
11 Oct 2021

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Investment fund manager Eiffel Investment Group is providing a €3 million bridge loan to ManoCap Energy. The financing will provide solar power to commercial and industrial (C&I) customers in Ghana and Sierra Leone.

ManoCap Energy is raising €3 million for its projects in Sierra Leone and Ghana. This is a bridge loan signed with Eiffel Investment Group, an investment fund manager based in Paris, France. This financing is provided as part of a transaction involving two funds managed by Eiffel. In this financing, Finergreen acted as advisor to Eiffel Investment Group. Echosys Advisory was also involved, alongside ManoCap.

The company, which has offices in Freetown (Sierra Leone) and Accra (Ghana), will use the financing to provide solar photovoltaic energy to commercial and industrial (C&I) customers. “The financing will allow us to execute our portfolio of near-term solar C&I projects in Ghana and Sierra Leone. It is flexible financing that will continue to support our long-term growth,” said Thomas Cairnes, ManoCap Energy’s chief executive officer.