Eiffel’s African Energy Fund in line for EIB commitment

Image Credit: Pixabay

An Africa-focused debt fund sponsored by Paris-based Eiffel Investment Group is being considered by the European Investment Bank for investment. When and if the commitment is approved, Eiffel’s Energy Transition Africa Fund will be $30 million closer to its $200 million final goal.

The fund’s strategy is to provide renewable energy developers with the bridge financing they need to deliver the projects they’re working on in Africa. Typically, these are developers building small and medium-sized solar photovoltaic, energy storage, onshore wind, small hydro, or biomass projects across the continent.

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