WASHINGTON D.C., US – Media OutReach Newswire – 17 September 2026 – Delphos is happy to announce the profitable closing of a strategic funding in PowerGen Renewable Power (“PowerGen”) by All On Partnerships for Power Entry Restricted by Assure (“All On”), a number one Nigerian impression investor devoted to increasing entry to business vitality throughout the nation.
Delphos acted as an unique monetary advisor to PowerGen, supporting the corporate all through the structuring, negotiation and profitable execution of the transaction.
The funding will help the continued growth of PowerGen’s renewable vitality platform in Nigeria, offering progress capital for each its business and industrial (“C&I”) enterprise and distributed utility operations. The funding will fund extra renewable vitality infrastructure, delivering dependable, inexpensive and lower-carbon electrical energy to companies and communities, and is anticipated to help as much as 6,000 electrical energy connections and attain an estimated 41,000 beneficiaries throughout Nigeria.
The transaction follows PowerGen’s profitable landmark capital increase accomplished in 2025. The fundraising introduced collectively a consortium of main growth finance establishments (DFIs) and personal buyers, reflecting continued investor confidence within the firm’s progress technique, working mannequin, and administration crew. As a part of the financing spherical, Delphos suggested PowerGen on the funding from IFU, Denmark’s growth finance establishment.
Based in 2016, All On is one among Nigeria’s foremost buyers within the distributed vitality sector. Its funding in PowerGen additional validates the corporate’s enterprise mannequin and reinforces its place as a number one distributed renewable vitality platform in Nigeria.
Aaron Cheng, CEO of PowerGen, said: “This funding from All On is a robust vote of confidence in PowerGen’s platform and our capacity to ship dependable energy at scale. All On’s deep expertise in Nigeria’s vitality sector, makes them a great companion as we develop our operations in Nigeria. We’re grateful to Delphos for his or her continued partnership in structuring this transaction and supporting our broader financing technique as we broaden throughout the continent.”
Connor Shine, Director, at Delphos, concluded: “All On’s funding in PowerGen underscores the rising conviction amongst strategic buyers that distributed renewable vitality is central to closing Africa’s energy hole. Delphos is proud to have suggested PowerGen on this transaction, and we stay up for persevering with to help the corporate because it accelerates its growth throughout the continent.”
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The issuer is solely answerable for the content material of this announcement.
About PowerGen:
PowerGen is a number one renewable vitality platform throughout Africa, with workplaces in 4 nations (Kenya, Nigeria, Sierra Leone and DRC). PowerGen owns and operates renewable vitality and distribution utility initiatives to ship clear, dependable, and inexpensive energy. In 2024, PowerGen was listed as one of many Monetary Occasions’ Africa’s Quickest Rising Firms! PowerGen ranked fortieth within the general rankings and fifth within the Power & Utilities sector.
For extra info: 
https://www.powergen-re.com
About All On:
All On Partnerships for Power Entry (“All On”), an unbiased impression investing firm, was seeded by Shell to catalyze the expansion of Nigeria’s off-grid vitality market to supply inexpensive, dependable, and sustainable vitality for low-income households and small companies.
All On gives debt and fairness funding, in addition to non-financial help, to Nigerian vitality corporations that align with its mission of closing Nigeria’s access-to-energy hole by means of renewable vitality options.
For extra info: https://www.all-on.com
About Delphos:
Delphos is the definitive supply for arranging modern monetary options for growth corporations and initiatives. Specialised in elevating long-term, competitively priced capital for corporates, fund managers, builders, SMEs, sovereigns, and entrepreneurs worldwide. Since 1987, Delphos has organized greater than US$20B in growth finance to help the efforts of over 1,200 corporations. With sources of greater than 350 authorities businesses and multilateral organizations worldwide to assist shoppers with their worldwide enterprise targets and have sustainable impression. Delphos additionally gives market-leading transaction advisory and funding/threat administration consulting providers to authorities and personal sector shoppers throughout a number of industries. Being authorized advisors to AfDB, DFC, IDB Make investments, IFC, USAID, US Ex-Im Financial institution, USTDA, WBG, main non-public fairness companies, infrastructure builders and strategic buyers, and international governments and utilities.
For extra info: https://www.delphos.co
