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AXIAN's Renewable Energy portfolio expansion

Sector: Solar • Location: Cabo Verde, Gabon, Madagascar, Mozambique, Rwanda, São Tomé and Principe, Senegal, Tanzania

Source: World Bank Group

Project
Active

The project involves the development and expansion of utility-scale renewable energy infrastructure, focusing on solar projects to deliver over 460 MW in various African countries, including Senegal, Madagascar, Mozambique, Tanzania, Sao Tome & Principe, Cabo Verde, Gabon, Rwanda, and potentially others. The goal is to enhance clean and accessible power generation, promote job creation, and contri

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The project “AXIAN's Renewable Energy portfolio expansion” is an infrastructure initiative in the Solar sector, located in Cabo Verde, Gabon, Madagascar, Mozambique, Rwanda, São Tomé and Principe, Senegal, Tanzania. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project involves the development and expansion of utility-scale renewable energy infrastructure, focusing on solar projects to deliver over 460 MW in various African countries, including Senegal, Madagascar, Mozambique, Tanzania, Sao Tome & Principe, Cabo Verde, Gabon, Rwanda, and potentially others. The goal is to enhance clean and accessible power generation, promote job creation, and contribute to socio-economic development in these regions. The project was financed through a $30 million senior secured loan facility from the Emerging Africa Infrastructure Fund (EAIF) to AXIAN Energy, the loan features an incentive pricing mechanism linked to the successful installation of greenfield renewable energy capacity. The financial close was announced on December 20th, 2023. https://www.axian-group.com/ac-content/uploads/2023/12/Axian-Energy-press-release_final_EN.pdf https://www.axian-group.com/en/2023/12/eaif-provide-us30-million-to-axian-energy/22/ https://www.eaif.com/eaif-provide-us30-million-to-axian-energy/

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