The credit enhancement of CEESOLAR Energy Limited’s local currency debt offering under a co-financing arrangement with the Climate Finance Blending Facility (CFBF) has been announced by InfraCraCredit, a specialized infrastructure credit guarantee organization with a “AAA” rating. This is the sixth transaction under the Facility, which was enhanced by a US$10 million investment by BII and a US$20 counter-guarantee facility after being seeded with £10 million in concessional financing from the UK Foreign, Commonwealth & Development Office (FCDO). 00:03/03:11 10 seconds Four separate solar hybrid mini-grids with a combined capacity of 760 kWp will be built and commissioned in underprivileged areas throughout Cross River State thanks to the deal.
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