Climate Finance | September 13, 2021

Solarise Africa secures $5.9 million in debt financing from Trine

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, September 14 — Nairobi-based Solarise provides financing for clean energy partners in Africa to design, build and maintain commercial and industrial solar systems. Targeted customers are small and mid-sized businesses without affordable and reliable electricity.

A $5.9 million investment from the Swedish impact investment firm Trine, which provides debt funding for solar businesses in emerging markets, will help Solarise finance five projects in South Africa and Kenya. It will also back projects to provide solar energy to commercial and industrial customers in Rwanda and Ghana