Oikocredit has teamed up with the Facility for Energy Inclusion (FEI) and AfricaGoGreen (AGG), two funds run by the Lion’s Head Group, to invest US$ 7 million in a US$ 33.4 million multi-currency loan facility for Solarise Africa.
The funding will assist Solarise Africa in continuing to offer low-cost commercial and industrial (C&I) solar solutions throughout Africa.
With this funding, Solarise Africa will be able to provide small and medium-sized businesses and other companies in several African countries with more solar installations and energy efficiency solutions, resulting in the creation of jobs, cost savings, and a reduction in CO2 emissions.
With an investment of USD 21.4 million, FEI served as the loan’s lead arranger. Oikocredit came in second with USD 7 million and AGG came in third with USD 5 million. Oikocredit’s dedication to C&I solar transactions, which are essential in meeting global market targets.
Oikocredit.