Sigora Haiti raises US$ 2.5 million from ElectriFI
Sigora Haiti S.A., the clean energy micro-utility owned by San Francisco-based Sigora International Inc., announced today a US$2.5 million investment from the Electrification Financing Initiative (ElectriFI), the European Union’s Electrification Financing Initiative backed by 15 European Development Finance Institutions.
The funds will be used to support Phase 1 of Sigora Haiti’s Northwest electrification project that will expand the company’s existing pilot grid network from 5,000 customers to 136,000 (27,000 accounts) and have a renewable energy capacity of 3.5MWp. The project deploys Sigora International’s proprietary prepaid metering and revenue management technology designed to enable utilities in frontier markets consistently and effectively collect revenue.
Read more, visit the blog of the Technical Centre for Agricultural and Rural Cooperation (CTA) on this, or dive into Greentech Media’s company interview with Sigora.