AXIAN Energy, an Arica-based renewable energy developer and a subsidiary of the AXIAN Group, has signed a $60 million financing facility with Mauritius Commercial Bank (MCB), a financial institution operating in the Indian Ocean region.

The package includes a $40 million revolving credit facility with a three-year tenor and an extension option. It also includes $20 million in unfunded instruments.

AXIAN Energy said the facility would provide additional financial flexibility and help mobilize resources for development opportunities across its target markets.

“We are proud to support AXIAN Energy in structuring this facility, reaffirming our commitment to enabling transformative projects across Africa. By leveraging our sector expertise and deep understanding of regional markets, we have delivered a tailored financing solution that aligns with AXIAN’s long-term renewable energy ambitions. This partnership highlights our role as a strategic financial partner, mobilizing capital towards investments that drive sustainable growth and accelerate the energy transition across the continent.” Mathieu Delteil, Global Head of Structured Finance, MCB.

The agreement builds on AXIAN Energy’s existing relationship with MCB. The companies said the transaction supports infrastructure development and economic growth across Africa.

AXIAN Energy said it has expanded its renewable energy project pipeline over the past two years, with solar projects under development in Senegal, Benin, Zambia, Côte d’Ivoire, Madagascar, and Burkina Faso.

The company currently operates 350 MW of installed renewable energy capacity, supported by 77 MWh of energy storage capacity.

According to Mercom’s recently released Q1 2026 Solar Funding and M&A report, debt financing for the solar sector reached $8.9 billion across 28 deals, a 154% increase compared to the $3.5 billion secured in 23 deals in Q1 2025.

In May 2026, Greenvolt Group, a renewable energy project developer, completed an additional €70 million (~$81.4 million) issuance of its Green Bonds 2029, increasing the total size of the issue to €170 million (~$197.9 million). Greenvolt said the proceeds will support its growth strategy and the expansion of its international renewable energy business.