The Emerging Africa Infrastructure Fund (EAIF), a member of the Private Infrastructure Development Group (PIDG) is lending the project’s developer, Urbasolar SAS, 80% of the capital needed for the construction of the new 30MW facility. EAIF is the sole lender to the project, providing €29 million of the estimated €35.4 million development cost. Financial close (the transfer of funds from lender to borrower) is expected by the second quarter of the year. Read the full article HERE