- Eiffel to provide a €3m loan for C&I solar deployment in West Africa.
- ManoCap Energy will receive the investment.
- ManoCap currently has a portfolio of 10 projects in the region.
Investment fund manager Eiffel Investment Group is set to provide a €3 million bridge loan to ManoCap Energy. ManoCap plans to use the fund to provide commercial and industrial (C&I) solar PV services in Ghana and Sierra Leone. ManoCap’s CEO stated: “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.”
ManoCap Energy, a joint venture between ManoCap and Energy Access Venture,s finances and manages clean energy systems for clients in sub-Saharan Africa. The company’s portfolio includes about 10 solar, hybrid plus storage projects ranging in size from 150kWp to 10MWp. The Paris-based Eiffel also plans to provide long-term financing to ManoCap after the company commissions its current projects.