Afrigen Energy has launched an Expression of Interest (EOI) process to secure financing and strategic partnerships for the development of its 50 MW private solar photovoltaic (PV) project. The company is seeking participation from qualified debt providers, equity investors, grant providers, climate funds, development finance institutions (DFIs), and strategic partners to support the project’s financing and execution.
According to the company, the project is backed by a fully executed 20-year U.S. dollar-indexed Power Purchase Agreement (PPA), currently priced at USD 0.058 per kWh, providing long-term revenue certainty for prospective investors. The project does not include a battery energy storage system (BESS).
Afrigen Energy stated that the project has completed all major development milestones, including technical studies, land rights acquisition, permitting, and regulatory approvals, positioning it as construction-ready pending financial close.
The company emphasized that only organizations with demonstrated financial capacity, relevant experience in financing or developing large-scale solar projects, and a proven execution track record will be considered during the selection process. Brokers and intermediaries have been excluded from the procurement process.
Interested parties are required to submit Expressions of Interest by 3 July 2026, along with corporate credentials, evidence of financial capability, and documentation demonstrating experience in the financing, ownership, development, or operation of utility-scale or private solar projects with capacities of 60 MW or greater.
Through the EOI process, Afrigen Energy aims to identify financial and strategic partners capable of supporting the timely delivery of the solar PV project while strengthening private-sector renewable energy deployment.
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