Bird & Bird advises Afrigreen on €15 million senior financing for SolarX

Bird & Bird represented Afrigreen Debt Impact Fund, managed by RGreen Invest and advised by Echosys Invest, in connection with a €15 million senior secured financing facility dedicated to SolarX. The transaction structures a senior secured facility of €15 million composed of two credit lines—one short-term and one long-term. The financing is intended to refinance SolarX’s operating assets and to fund construction of new solar plants, with the aim of accelerating deployment of commercial and industrial (C&I) solar solutions in West Africa. SolarX, founded in 2020 by Karim Ghammaché, operates 23 projects across Côte d’Ivoire, Senegal, Mali and Burkina Faso. The company’s C&I solutions are designed to reduce energy costs and carbon emissions, and to improve the reliability of energy supply. The projects financed under this facility are expected collectively to avoid nearly 2,800 tonnes of CO2 emissions and the use of more than 227,000 litres of fuel each year. Supported by this financing and rising regional demand, SolarX intends to increase its installed capacity fivefold over a three-year horizon. The transaction is the seventh completed since the launch of the Afrigreen Debt Impact Fund, which closed in February 2025 at €100 million. The fund, managed by RGreen Invest and advised by Echosys Invest, targets renewable projects sized between 100 kW and 15 MW across solar, storage and hybrid technologies, with a focus on sub-Saharan Africa. Bird & Bird represented Afrigreen Debt Impact Fund (managed by RGreen Invest and advised by Echosys Invest) with a team composed by: Boris Martor (partner), Sébastien Hoff (counsel), Alexandra Esmel (associate), Kenza Fradji (associate).

Bird & Bird advises Afrigreen on €15 million senior financing for SolarX

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