Local renewables operator GreenYellow, Axian, Société Générale, GuarantCo and African Guarantee Fund announced on 15 October the closing of a $19m transaction to support the debt funding of the 20MW Ambohipihaonana solar PV plant in the Ambatolampy district. Société Générale, acting as sole arranger and co-lender with Business Network International and Banque Malgache de l'Ocean Indien, raised $19m of debt.
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