The Private Infrastructure Development Group (PIDG) has committed €4.3 million to Afreenergy Solar, a platform developing clean energy solutions for commercial and industrial (C&I) customers in Senegal, with plans to expand into select West and Central African markets.

The investment was channelled through PIDG’s project development solution, InfraCo.

The funding will allow Afreenergy Solar to scale operations to deliver up to 30MW of solar energy and 10MWh of battery energy storage systems (BESS). The project, to be rolled out in two phases, will target clients across agro-industry, logistics, and other energy-intensive industrial sectors, aggregating multiple sites to lower per-site costs. Solutions will be provided on a lease-to-own basis or through offtake agreements, improving power reliability while cutting energy costs for customers by up to 30% compared with the national grid.

Christian Cachat, CEO of Afreenergy Solar, said: “This transaction gives Afreenergy Solar the means to scale a specialised C&I clean energy platform in Senegal, while laying the foundations for disciplined expansion over time. We are honoured to have PIDG’s support, through InfraCo, as an anchor investor at this stage of our development. Our focus is on delivering practical, bankable solar and storage solutions that help businesses secure more reliable power, lower energy costs and strengthen operational resilience. Senegal is a priority market for us and a strong base for future scale.”

Omar Jabri, PIDG Head of Business Development (Africa) for InfraCo, added: “We are excited to work with Afreenergy Solar to scale access to reliable, clean energy for Senegal’s commercial and industrial customers. PIDG is committed to getting infrastructure finance moving and multiplying to accelerate action on climate change and to deliver sustainable development outcomes. The Afreenergy Solar transaction epitomises this work, facilitating sustainable economic growth whilst driving down emissions.”

The initiative comes as Senegal’s commercial and industrial users remain heavily reliant on oil and other fossil fuels. Afreenergy Solar’s model supports decoupling business growth from fossil fuel dependence and aligns with the Government of Senegal’s goal to increase renewable energy to 40% of the national energy mix by 2030, under the €2.5 billion Just Energy Transition Partnership (JETP) signed with G7 members in 2024.

PIDG has a growing presence in Senegal, supporting renewable energy projects such as Walo Solar, an on-grid solar-plus-battery facility financed through PIDG’s Emerging Africa and Asia Infrastructure Fund.

Once fully operational, Afreenergy Solar is expected to attract additional private capital to its C&I model and expand its footprint across West and Central Africa.