Pan-African energy leasing company, Solarise Africa, has landed a further US$10 million investment to drive Africa’s clean energy expansion. The Series B investment round welcomed French development finance institution, Proparco, alongside existing investors, EAV and EDFI ElectriFI.
On a continent where frequent outages greatly hamper productivity; Solarise Africa provides innovative financing solutions to industrial and commercial companies that limit the upfront investment and provide manageable instalment payments and short payback periods. This enables companies to optimise their cost base and productivity, reduce dependability on an unstable power grid and adopt clean energy systems.
The investment will be used to fund project deployments and further increase market share in current countries of operation and future expansions into Africa. Solarise Africa currently has operations across Kenya, South Africa and Rwanda where it has deployed several projects and continues to develop an extensive pipeline across the continent.
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Read the article online at: https://www.energyglobal.com/special-reports/17092020/solarise-africa-obtains-investment-for-african-clean-energy/