A new French fund will finance the development of solar energy in Africa

February 25, 2023 | 14:09 |7069

The new French investment fund GREEN INVEST with $92.63 million will finance the production of solar energy in West and Central Africa, Reuters reports, citing a statement by the manager of the French fund.

The Fund will finance grid and autonomous solar power plants for small and medium-sized commercial and industrial consumers of the continent.

The project will provide direct asset-based loans to regional developers and local industrial companies for the development of solar infrastructure. The fund also offers financing in local currency.

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