Back to all projects
project

Solarise Africa (follow-on)

Country
Kenya
Technology
Solar PV
Business model
CPP

EDFI ElectriFI invested USD 2.5m (top up on existing Series A USD 1.65m) to support Solarise Africa’s existing portfolio extension in South Africa and Kenya. The investment is expected to create around 134k indirect connections to electricity, employ 21 staff, and create 297 indirect jobs by 2023.

Contract signature date: July 2020

Country: Kenya and South Africa

Total ElectriFI financing: Series B USD 2.5m (top up on existing Series A USD 1.65m commitment from April 2019)

Environmental and Social Category: B
(A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk

About the project:

ElectriFI committed USD 2.5m of mezzanine notes to support the extension of Solarise Africa’s existing portfolio in South Africa and Kenya.

Solarise Africa is a young company that provides tailor-made finance or rental solutions for captive solar installations and other renewable energy and energy savings assets to selected commercial and industrial (‘C&I’) sectors (i.e. educational institutions, agri-foods processing, manufacturing, real estate, etc.) of the Kenyan and South African economies.

Investment disclosure

Learn more

Impact

Number of beneficiaries
880146
Annual output (MWh/y)
170154
GHG avoidance (tCO2eq/y)
104586

Key indicators

Beneficiary
Solarise Africa
Financial instrument
Equity
Amount
Series B USD 2.5m
Countries
Kenya, Sounth Africa
Technology
Solar PV
Business model
CPP
Year
2020
Facility
ElectriFI Global

Related News
Stay informed about
Our new investments
More info ?Contact Us !
Contact