Oikocredit invests US$7 million in Solarise Africa to support affordable solar access for businesses in Africa
December 01 | 2022 The investment will support Solarise Africa’s solar and energy efficiency solutions for small and medium enterprises and other commercial and industrial (C&I) businesses.
Oikocredit has partnered with Lion’s Head Group-managed funds, the Facility for Energy Inclusion (FEI) and AfricaGoGreen (AGG), to invest US$ 7 million in a US$ 33.4 million multi-currency loan facility to support Solarise Africa’s growing provision of affordable commercial and industrial solar installations in Africa.
With this investment Solarise Africa will offer more solar installations and energy efficiency solutions to small and medium enterprises (SMEs) and other businesses in multiple African countries, contributing to job creation, financial savings and CO2 reduction.
This deal continues Oikocredit’s commitment to C&I solar transactions, which are crucial in meeting global climate targets. The loan’s multi-currency structure matches Solarise’s multi-currency portfolio and gives the company the flexibility to meet market-specific financing demand.
Archive > 2022 > December
- December 21 | 2022 12/21/22, 11:00 AM - Creating a sustainable future [video]
- December 19 | 2022 12/19/22, 10:57 AM - Oikocredit sold equity investment in Indian microfinance institution Fusion
- December 14 | 2022 12/14/22, 4:26 PM - Oikocredit supports smallholder cocoa farmers in Côte Ivoire
- December 07 | 2022 12/7/22, 4:29 PM - Oikocredit and I&P take equity stakes in agro-processor Agroserv in Burkina Faso
- December 05 | 2022 12/5/22, 11:10 AM - Microfinance addresses the gap: interview with Brij Mohan
- December 02 | 2022 12/2/22, 2:44 PM - Oikocredit looks forward to 2023 with a new capital-raising model
- December 01 | 2022 12/1/22, 2:02 PM - Oikocredit invests US$7 million in Solarise Africa to support affordable solar access for businesses in Africa
