Solarise Africa (follow-on II)
- Solar PV
- Business model
EDFI ElectriFI invested USD 3m in Solarise Africa to supply Kenya’s commercial and industrial sector with solar energy.
Contract signature date: November 2022
Total ElectriFI financing: USD 3m
Environmental and Social Category: B
(A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk
About the project:
EDFI ElectriFI invested for the thir time in Solarise Africa by signing a USD 3m loan earmarked to finance the OPEX incurred by the company to grow its assets portfolio in Kenya. This investment would bridge the funding needs until the company closes it series C equity round expected by end of 2023.
Learn more: http://solariseafrica.com/