Funding
Senior debt facility · Climate tech

Prado Power secures senior debt for Nigerian solar mini-grids

Camco’s REPP 2 financing supports five mini-grids with battery storage; the loan amount was not disclosed.

By RoundOS Funding desk

Reported on 1 October 2026, the facility will support construction and operation of the projects. Transaction counsel TEMPLARS identified Camco REPP 2 Holdings One SCSP as the financing vehicle for the loan to Prado Power Group.

The projects serve communities in North-Central Nigeria and combine electricity access with productive uses such as business and agricultural activity. Construction also benefits from the World Bank’s DARES programme, facilitated by Nigeria’s Rural Electrification Agency.

Use of funds

Build and operate five solar mini-grids with battery storage in Nigeria

Funding history

Senior debt facility · This roundUndisclosed

Sources

  1. TEMPLARS advises Camco on Prado Power senior debttemplars-law.com
  2. AVCA October industry news: Prado Poweravca.africa · Oct 1, 2026

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