RGreen Invest closes $103.9M USD Afrigreen Debt Impact Fund

RGreen Invest, a Paris-based renewable energy investment firm, has successfully closed its first Africa-focused fund, reaching its target size of $103.9M USD (€100 million). The fund has received $26.2M USD (€25 million) backing from BNP Paribas and Société Générale, alongside a group of development finance institutions (DFIs) included the European Investment Bank (EIB), International Finance Corporation (IFC), FMO, Proparco, and the Belgian Investment Company for Developing Countries (BIO).

The fund combines development finance and commercial capital to support renewable energy initiatives across the continent. The Afrigreen Debt Impact Fund, a collaboration between RGreen Invest and Echosys Advisory, was launched in December 2021 with a hard cap of €125 million.