PowerGen Renewable Energy announced the project last Friday, January 17 through a press release. This involves the establishment of a platform aimed at deploying 120 MW of renewable energy, including battery storage solutions, in several countries in sub-Saharan Africa. The project will be carried out in

Le projet aims to connect thousands of homes and businesses to clean, reliable and affordable energy. Its first phase involves improving access to electricity for more than 68,000 households and reducing the energy costs of 7,000 businesses in Nigeria, Sierra Leone and the Democratic Republic of Congo. The platform is based on structured financing involving several actors, including PIDG, the Danish Investment Fund for Developing Countries, ElectriFI, as well as the African Development Bank (AfDB)

This project is part of a continental dynamic where the energy transition is becoming a priority to achieve sustainable development goals while continuing to meet growing electricity needs. According to Luke Foley of PIDG, “this project is a perfect example of PIDG's mandate, to use blended finance tools to deploy sustainable energy solutions