AFRICA

TDB And Consortium Of Lenders To Broaden Access To Finance For Off-grid Solar In Kenya Via USD 130M Transaction With Sun King Arranged By Citi – EQ Mag

June 8, 2023

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The scalable loan instrument, arranged and structured by Citi with participation from leading development finance institutions and commercial lenders to help expand Kenyans’ access to finance to purchase green, affordable solar systems. The first-of-its-kind bank-led and entirely Kenyan-Shilling-denominated securitisation deal injects USD 130 million into Kenya’s off-grid solar energy sector; The four-year deal is issued […]

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AFRICA

Off-Grid Solar Brings Light, Time, Income to Remotest Indonesia Villages – EQ Mag

May 15, 2023

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LAINDEHA, INDONESIA : As Tamar Ana Jawa wove a red sarong in the fading sunlight, her neighbor switched on a light bulb dangling from the sloping tin roof. It was just one bulb powered by a small solar panel, but in this remote village that means a lot. In some of the world’s most remote […]

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AFRICA

Madagascar solar firm secures funding to connect 50000 households – EQ Mag

January 19, 2023

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NAIROBI : Madagascar’s WeLight, an off-grid solar company, has secured 19 million euros ($20.57 million) to connect 50,000 households to electricity in the next two years, it said on Tuesday. Off-grid solar power, spearheaded by a variety of start-ups, has gained in popularity in Africa because it can affordably connect millions of homes which are […]

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AFRICA

Expanding off-grid solar for energy access in Africa and Asia – EQ Mag

December 22, 2022

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Off-grid solar energy company Sun King has received $70 million equity investment in an extension of Series D round, led by purpose investment firm LeapFrog Investments. With its affordable solar power system for domestic use, Sun King is changing how people gain electricity access across Africa and Asia. So far the off-grid solar company has […]

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AFRICA

Off-grid solar firm d.light secures USD 50m debt – EQ Mag Pro

July 23, 2022

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D.light, a provider of solar products to people lacking reliable power, has secured a USD-50-million (EUR 49m) balance sheet debt facility from a consortium of lenders, according to an announcement on Thursday. The company said that the financing will support the expansion of its solar and Pay-Go consumer finance business in Africa and allow it […]

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AFRICA

Off grid solar crowd funding campaign launches – EQ Mag Pro

December 11, 2021

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Winch Energy’s fundraiser enables individuals to invest in Africa’s clean energy market from as little as £10 Off grid renewable energy provider Winch Energy has launched a crowdfunding campaign to fund solar off grid developments in Sierra Leone and Uganda. The campaign enables individuals to invest in Africa’s growing clean energy market via Crowdcube from […]

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AFRICA

Invest in off-grid solar to unlock economic growth in Sub-Saharan Africa, says new report – EQ Mag Pro

September 25, 2021

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UK headquartered BBOXX has deployed more than 500,000 solar home systems across Sub-Saharan Africa. Access to off-grid electricity should be seen as a key mechanism to drive rural development and improve economic wellbeing and living standards in Sub-Saharan Africa (SSA), according to a new report by University College London’s (UCL) Engineering for International Development Centre […]

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