{"id":3114,"date":"2020-02-27T09:44:38","date_gmt":"2020-02-27T08:44:38","guid":{"rendered":"https:\/\/afd-chooseafrica-qa.cegedim.cloud\/?p=3114"},"modified":"2020-02-27T09:43:10","modified_gmt":"2020-02-27T08:43:10","slug":"proparco-invests-in-rensource-its-first-transaction-in-partnership-with-the-eu-in-the-offgrid-energy-sector","status":"publish","type":"post","link":"https:\/\/afd-chooseafrica-qa.cegedim.cloud\/en\/news\/proparco-invests-in-rensource-its-first-transaction-in-partnership-with-the-eu-in-the-offgrid-energy-sector\/","title":{"rendered":"Proparco invests in Rensource, it&#8217;s first transaction in partnership with the EU in the offgrid energy sector"},"content":{"rendered":"<div class=\"chapo\">\n<div class=\"field field--name-field-chapo field--type-string-long field--label-hidden field__item\">With the support of the European Union (EU), PROPARCO invests USD 3 million equity in RENSOURCE (Holdings), a key player in the renewable energy sector in Nigeria. This is the first investment made by Proparco in partnership with the EU under the Africa Renewable Energy Scale-Up facility (ARE Scale-Up).<\/div>\n<\/div>\n<div class=\"field field--name-field-content-vm field--type-entity-reference field--label-hidden field__items\">\n<div class=\"field__item\">\n<div class=\"descriptive_block adm_field_collection\">\n<div class=\"clearfix text-formatted field field--name-field-descriptive-nm field--type-text-long field--label-hidden field__item\">\n<p>In Nigeria, the largest economy in Sub-Saharan Africa and the most populated country on the continent, access to electricity continues to pose a major challenge for companies and households.\u00a0<a title=\"Rensource \" href=\"https:\/\/www.rensource.energy\/\">Rensource<\/a>\u00a0develops, builds and operates hybrid solar minigrids that provide clean, reliable and affordable electricity to Nigerian SMEs. One of Rensource\u2019s flagship projects is Sabon Gari Market minigrid project in Kano which will provide power to over 11,000 shops. Rensource is currently developing further minigrid projects in twelve markets \u00a0across six Nigerian States and for private SME clusters. The company, which was set up in 2016, actively participates in Nigeria\u2019s energy transition. By investing in Rensource, Proparco and the EU (via ARE-Scale-Up) contribute to facilitating energy access in the context of a significant and growing energy gap in Nigeria and support the development of innovative solar energy solutions.<\/p>\n<p>Rensource aims to develop, build and operate over 100 minigrids with a combined power capacity exceeding 35MW over the next five years and to provide clean and affordable electricity to 250,000 SMEs. This will lead to significant job creation and save 30,000 metric tonnes of CO2 emissions per year.<\/p>\n<p><strong>1st project under ARE Scale-Up, a facility dedicated to the development of off-grid solutions in Africa<\/strong><\/p>\n<p>With support from the European Union, PROPARCO and Agence Fran\u00e7aise de D\u00e9veloppement have set up the Africa Renewable Energy Scale-Up facility (ARE Scale-Up), which aims at boosting investments in the field of off-grid renewable energy in Africa. Rensource is the first project supported by PROPARCO and the EU via the ARE Scale-Up facility.<\/p>\n<p>\u201cBy developing innovative economic models based on renewable energies, SMEs such as Rensource will be playing a key role in the energy sector over the coming years\u201d, explains Jean GUYONNET-DUPERAT, PROPARCO\u2019s regional director in Nigeria. \u201cOur investment is fully aligned with PROPARCO\u2019s mandate which is to support green and inclusive growth and is 100% in line with the Paris Agreements. The project is also a great fit with French initiative Choose Africa, which aims at supporting African entrepreneurship\u201d.<\/p>\n<p>*1) Under the Energising Economies Initiative (EEI), an initiative from the Federal Government of Nigeria and managed by the Rural Electrification Agency (REA)<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"With the support of the European Union (EU), PROPARCO invests USD 3 million equity in RENSOURCE (Holdings), a key player in the renewable energy sector in Nigeria. This is the first investment made by Proparco in partnership with the EU under the Africa Renewable Energy Scale-Up facility (ARE Scale-Up). In Nigeria, the largest economy in&#8230; <a class=\"view-article\" href=\"https:\/\/afd-chooseafrica-qa.cegedim.cloud\/en\/news\/proparco-invests-in-rensource-its-first-transaction-in-partnership-with-the-eu-in-the-offgrid-energy-sector\/\">View Article<\/a>","protected":false},"author":18,"featured_media":3112,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[376,403,139,405,380,377],"pays":[129,148],"offres":[],"class_list":["post-3114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-africa","tag-afrique-en","tag-banques-et-services-financiers-en","tag-financement-des-pme-en","tag-renewable-energy","tag-sme-financing","pays-afrique-en","pays-nigeria-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Proparco invests in Rensource, it&#039;s first transaction in partnership with the EU in the offgrid energy sector - Choose Africa<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/afd-chooseafrica-qa.cegedim.cloud\/actualites\/rensource-1ere-transaction-de-proparco-en-partenariat-avec-lue-dans-les-energies-renouvelables-hors-reseau\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Proparco invests in Rensource, it&#039;s first transaction in partnership with the EU in the offgrid energy sector - Choose Africa\" \/>\n<meta property=\"og:description\" content=\"With the support of the European Union (EU), PROPARCO invests USD 3 million equity in RENSOURCE (Holdings), a key player in the renewable energy sector in Nigeria. This is the first investment made by Proparco in partnership with the EU under the Africa Renewable Energy Scale-Up facility (ARE Scale-Up). In Nigeria, the largest economy in... 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