Clifford Chance has advised Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, on its USS 30 million senior secured loan facility to Axian Energy.
This loan is part of Axian Energy’s plan to expand and to deliver more than 460 Megawatts of utility-scale renewable energy generation capacity across Africa over the next decade.
This financing demonstrates Clifford Chance’s commitment to working alongside its clients on financings which will be used on developing bankable renewable projects throughout Africa.
The Clifford Chance team was led by Corinne Duvnjak (Counsel and co-head of the firm’s Francophone Africa group) with the assistance of Thomas Chneiweiss (senior associate) and Gaspard Nouind.