Solarise Africa secures USD 33.4m debt for C&I photo voltaic in Africa

November 24 (Renewables Now) – Solarise Africa, an organization providing energy-as-a-service to companies in Africa, on Thursday stated it has raised a USD-33.4-million (EUR 32.1m) debt facility.

In accordance with the agency this represents the most important C&I debt elevate in Africa up to now.

The Facility for Power Inclusion (FEI), managed by Lion’s Head World Companions, acted as lead arranger for the ability. FEI will present USD 21.4 million of the financing, with the stability coming from social influence investor Oikocredi and one other Lion’s Head-managed fund, AfricaGoGreen Fund.

“This multi-country mortgage will permit Solarise Africa to solidify its place within the industrial and industrial photo voltaic market in Kenya and increase its actions in different jurisdictions in Africa,” stated Orli Arav, head of debt funds at Lion’s Head Asset Administration. In accordance with the manager, the industrial and industrial photo voltaic market has nice potential in Africa.

Solarise Africa’s choices cowl designing, constructing, financing and sustaining renewable power installations.

(USD 1 = EUR 0.960)

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