The funding, channelled through PIDG’s project development arm InfraCo, will enable Afreenergy Solar to scale its commercial and industrial (C&I) energy platform.

The company plans to deploy up to 30 megawatts of solar capacity and up to 10 megawatt-hours of battery storage, aimed at improving energy reliability for businesses operating in the country.

The move comes at a time when many firms across sub-Saharan Africa still face unstable electricity supply and high energy costs, often relying on diesel generators to maintain operations.

Solar solutions combined with storage are increasingly being adopted as a cost-effective alternative, with potential savings of up to 30% for businesses.

Afreenergy Solar, which focuses on providing tailored renewable energy systems to commercial and industrial clients, sees Senegal as a strategic entry point for broader regional growth.

The company is targeting sectors such as agro-industry and logistics, where energy demand is high, and reliability is critical.

“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,” said Christian Cachat, Chief Executive Officer of Afreenergy Solar.

“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.”

PIDG said the investment aligns with its broader mandate to mobilize infrastructure finance and accelerate climate-focused development across emerging markets.

“We are excited to work with Afreenergy Solar to scale access to reliable, clean energy for Senegal’s commercial and industrial customers,” said Omar Jabri, Head of Business Development for InfraCo.

“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 investment also builds on Afreenergy Solar’s growing footprint in Senegal, where the company has already acquired and operates solar assets serving industrial clients.

Senegal has emerged as one of West Africa’s more active renewable energy markets, supported by government policy and increasing private sector participation aimed at improving energy security and reducing reliance on fossil fuels.