PowerGen, PIDG, Others Partner to Deploy 120mw Renewable Power Grids

•Energy firm to light up 68,000 households

Emmanuel Addeh in Abuja

PowerGen Renewable Energy (PowerGen) has announced its partnership with leading international investors to establish a scalable, distributed renewable energy platform, for the deployment of 120mw clean energy power solutions across Africa.

Aside from PowerGen, other partners include: Private Infrastructure Development Group (PIDG), the Danish Investment Fund for Developing Countries (IFU), EDFI Management Company, through its EU-funded Electrification Financing Initiative (ElectriFi), and the African Development Bank’s Sustainable Energy Fund for Africa (SEFA).

The anchor commitment from PIDG was made through the investment arm of InfraCo, its project development solution, with concessional capital provided by PIDG technical assistance.

A statement said with PowerGen building on its over 13 years of experience developing, implementing, and operating projects across Africa, the funds will support the deployment of the 120mw portfolio of renewable mini/metro-grids as well as Commercial and Industrial (C&I) power solutions, inclusive of battery energy storage.

Initially focused on Nigeria, Sierra Leone, and the Democratic Republic of the Congo (DRC), the platform will now be expanded within the wider region, the statement added.

The first closing of the transaction was reached in January 2025 and will catalyse additional equity and debt finance later this year, PowerGen, a private sector partner of Power Africa, a US government-led partnership, said.

Commenting on the deal, PIDG Head of Investment Management for InfraCo, Claire Jarratt, expressed confidence in its ability to develop, deliver and operate high-quality distributed energy infrastructure in challenging conditions.

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