Elizabeth Antidius Shumbusho | Africa Guardian
Pan-African renewable energy company PowerGen has appointed Delphos as its exclusive adviser for upcoming projects aimed at advancing sustainable energy solutions across the continent. The decision, made earlier this month, is expected to catalyze the infusion of additional equity and debt capital throughout the year.
This funding will be sourced from prominent international impact investors, including InfraCo, IFU, EDFI, AfDB’s SEFA, and PIDG. The capital will accelerate PowerGen’s efforts to provide reliable, clean energy to African households and businesses.
A Scalable Renewable Energy Platform
The funds will support the development of a scalable, distributed renewable energy platform, with a target of deploying 120 MW of renewable power solutions, including advanced battery energy storage systems.
For over 13 years, PowerGen has been a leader in delivering clean energy solutions to residential, community, and industrial clients across Africa. Its core offerings include large-scale mini-grids and commercial and industrial (C&I) solutions that deliver significant energy savings. These localized, decentralized solutions address the unique challenges of African energy markets, often outpacing the reliability of national utilities.
“This capital injection aligns with PowerGen’s mission to bring clean, affordable energy to underserved areas,” the company stated, highlighting its commitment to the United Nations Sustainable Development Goals (SDGs), particularly Goal 7—ensuring universal access to affordable, reliable, and sustainable energy.
Strategic Partnership with Delphos
Delphos will continue to work exclusively with PowerGen to secure additional equity and innovative debt financing throughout the year.
Aaron Cheng, CEO of PowerGen, expressed enthusiasm for the collaboration:
“We are excited to partner with leading impact investors on this transformative transaction to scale renewable energy across Africa. We are grateful to the investors for their collaboration and appreciate Delphos’ support in arranging the transaction.”
Bart Turtelboom, Chairman and CEO of Delphos, commended PowerGen’s role in advancing energy access in emerging markets:
“It is Delphos’ mission to contribute to universal access to clean energy by 2030. By accelerating electrification, enhancing energy efficiency, and boosting renewable energy investments, we are proud to support PowerGen’s pivotal work in achieving UN SDG Goal 7. We look forward to continuing this partnership globally.”
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