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SolarX secures 15 million euro senior debt from AFRIGREEN Debt Impact Fund
West African commercial solar provider SolarX has secured a 15 million euro senior secured facility from the AFRIGREEN Debt Impact Fund to refinance assets and build new power plants.
By Propel Africa · 2025-11-18
RGREEN INVEST reported on 18 November, in an announcement datelined Paris, 6 November, that the Afrigreen Debt Impact Fund has provided SolarX with a 15 million euro senior secured financing facility. The package has a short-term tranche and a long-term tranche. The fund is managed by RGREEN INVEST, an independent French investment manager founded in 2010 and based in Paris, and advised by ECHOSYS INVEST. It is the fund's seventh transaction.
What the company does
SolarX provides solar photovoltaic energy solutions to commercial and industrial customers, mainly in agro-processing, packaging, telecommunications, hospitality and cosmetics. The aim is to cut energy costs and reduce reliance on fossil fuels. Karim Ghammaché is the founder and CEO.
Markets and plans
The company operates in four West African markets: Cote d'Ivoire, Senegal, Mali and Burkina Faso. The facility will be used to refinance existing assets and to invest in new power plants. The announcement lists E3 Capital, FMO, Proparco and Triple Jump as supporters of SolarX. Ghammaché said the "demand for green energy is growing in West Africa".
At a glance
- Company: SolarX
- Raised: 15 million euros
- Type: Senior secured debt facility
- Lender: Afrigreen Debt Impact Fund
- Supporters: E3 Capital, FMO, Proparco, Triple Jump
- Markets: Cote d'Ivoire, Senegal, Mali, Burkina Faso
- Key number: Fund's seventh transaction