AXIAN Energy secures €30 million from IFC and Proparco to develop four solar power plants in Benin with 62 MW combined capacity.
Amount Raised
$33.7 Million
Round Type
Debt Financing
Investors
Description
AXIAN Energy has secured €30 million (approximately $33.7 million) in financing from the International Finance Corporation (IFC) and French development finance institution Proparco to support the development of four solar photovoltaic power plants in Benin. The projects will have a combined generation capacity of 62 megawatts and represent the first solar power projects developed by an independent power producer in the country. Sagemcom has been selected to handle engineering, procurement, construction, and operations and maintenance for the first two years. The initiative marks a significant step towards increasing private sector participation in Benin's electricity generation market.
Quick answer
AXIAN Energy raised $33.7 Million in a Debt Financing round, dated November 3, 2026. Investors: Proparco and International Finance Corporation.
- How much did AXIAN Energy raise?
- AXIAN Energy raised $33.7 Million in a Debt Financing round on November 3, 2026.
- Who invested in AXIAN Energy?
- Proparco and International Finance Corporation are named as investors in this round.
- What does AXIAN Energy do?
- AXIAN Energy is a pan-African energy developer focused on renewable energy projects across Africa.
Source: Fundz verified event record.
Who else raised in Energy and Renewable Energy around the same time
Companies in the same sectors as AXIAN Energy that raised within 45 days of this round, from Fundz verified event records.
- SolidUltra raised $3.3M (Seed) on November 9, 2026.
- GraphEnergyTech raised $4M (Seed) on November 6, 2026.
- RadianX raised $9M (Seed) on November 5, 2026.
- Hakim Ali Institutional Energy Savings raised an undisclosed amount on November 3, 2026.
- Two Point O Capital raised $10M (Series A) on November 1, 2026.
- Noak raised $5.6M (Seed) on October 30, 2026.
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