Curated News
By: NewsRamp Editorial Staff
September 17, 2026
Delphos Advises PowerGen on Strategic Investment from All On
TLDR
- Delphos advised PowerGen on All On's strategic investment, boosting PowerGen's renewable platform and market position in Nigeria.
- Delphos structured and negotiated All On's investment in PowerGen, funding renewable infrastructure to add 6,000 connections and 41,000 beneficiaries.
- All On's investment in PowerGen expands renewable energy access in Nigeria, delivering reliable, affordable electricity to businesses and communities.
- PowerGen, a Financial Times Africa's Fastest Growing Company, secured All On investment to scale renewable energy across Nigeria.
Impact - Why it Matters
This investment matters because it directly addresses Africa's critical power gap by expanding access to clean, reliable, and affordable electricity. With support for up to 6,000 new connections and 41,000 beneficiaries, the deal will spur economic development, improve quality of life, and reduce carbon emissions in underserved Nigerian communities. It also signals growing investor confidence in distributed renewable energy as a viable, scalable solution, encouraging further capital flow into the sector and accelerating progress toward universal energy access.
Summary
Delphos has announced the successful closing of a strategic investment in PowerGen Renewable Energy by All On Partnerships for Energy Access Limited by Guarantee, a prominent Nigerian impact investor. Delphos served as the exclusive financial advisor to PowerGen, guiding the company through the structuring, negotiation, and execution of the transaction. The funding will fuel the expansion of PowerGen's renewable energy platform in Nigeria, specifically targeting its commercial and industrial (C&I) business and distributed utility operations. This investment is set to support up to 6,000 electricity connections and reach approximately 41,000 beneficiaries across Nigeria, delivering reliable, affordable, and lower-carbon electricity to businesses and communities.
This deal follows PowerGen's landmark capital raise in 2025, which attracted a consortium of leading development finance institutions and private investors. As part of that fundraising, Delphos advised PowerGen on the investment from IFU, Denmark's development finance institution. Aaron Cheng, CEO of PowerGen, remarked, "This investment from All On is a strong vote of confidence in PowerGen's platform and our ability to deliver reliable power at scale. All On's deep experience in Nigeria's energy sector makes them an ideal partner as we grow our operations in Nigeria." Connor Shine, Director at Delphos, added, "All On's investment in PowerGen underscores the growing conviction among strategic investors that distributed renewable energy is central to closing Africa's power gap."
Founded in 2016, All On is one of Nigeria's foremost investors in the distributed energy sector, seeded by Shell to catalyze the growth of Nigeria's off-grid energy market. PowerGen, established as a leading renewable energy platform across Africa, operates in Kenya, Nigeria, Sierra Leone, and the Democratic Republic of Congo. The company owns and operates renewable energy and distribution utility projects, and in 2024, it was recognized as one of the Financial Times' Africa's Fastest Growing Companies, ranking 40th overall and 5th in the Energy & Utilities sector. This latest investment not only validates PowerGen's business model but also reinforces its position as a leading distributed renewable energy platform in Nigeria.
Source Statement
This curated news summary relied on content distributed by Media Outreach. Read the original source here, Delphos Advises PowerGen on Strategic Investment from All On
