Solarise Africa
- Country
- Kenya
- Technology
- Solar PV
- Business model
- CPP
ElectriFI financed Solarise Series A investment round with a USD 1.65 million equity and quasi-equity, together with Energy Access Venture. This greenfield company provides tailor-made finance or rental solutions for captive solar installations to commercial & industrial customers in Kenya and South Africa.
Contract signature date: April 2019
Countries: Kenya and South Africa
Total ElectriFI financing: USD 1.65m
Environmental and Social Category: B
(A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk
About the project
ElectriFI invested USD 0.5 million equity and USD 1.25 million mezzanine loan to build and finance a portfolio of 6 MW of captive solar PV systems in South Africa and Kenya.
Solarise Africa is a greenfield 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 sectors (i.e. educational institutions, agro-foods processing, manufacturing, real estate, etc.) of the Kenyan and South African economies.
- Number of beneficiaries
- 17,424
- Annual output (MWh/y)
- 2,582
- GHG avoidance (tCO2eq/y)
- 1,571
Impact
- Beneficiary
- Solarise Africa
- Financing instrument
- Equity
- Amount
- USD 1.65m
- Countries
- Kenya and South Africa
- Technology
- Solar PV
- Business model
- Captive Power Plant
- Year
- 2019
- Facility
- ElectriFI global