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GreenYellow closed $19 million for a 20 MW solar project in Madagascar
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GreenYellow, an operator of green energy in Madagascar, Axian, a Pan-African group, Societe Generale, GuarantCo, the guarantee arm of the Private Infrastructure Development Group, and African Guarantee Fund have closed an MGA 73.8 billion (~$19 million) transaction to support the debt funding of the 20 MW solar PV project in Ambatolampy, Madagascar. This project is the largest in the country and was operated and built by GreenYellow. It has been operational since 2018.
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Utsav Sinha
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