The Private Infrastructure Development Group (PIDG) has announced a $25 million investment to expand access to clean energy across Africa. The commitment includes a $15 million equity investment alongside $10 million in concessional equity to support the development of a portfolio of mini-grids and commercial and industrial (C&I) solar projects in Nigeria, Sierra Leone, and the Democratic Republic of the Congo.
The initiative is expected to deliver reliable electricity to 115,000 consumers, enhance productivity for 2,300 businesses, and create indirect employment opportunities. In addition, the projects are projected to reduce annual carbon emissions by 28,000 tonnes of CO2 equivalent, reinforcing efforts to mitigate climate change while advancing sustainable energy access in fragile and conflict-affected states (FCAS) and least developed countries (LDCs).
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