Solar leasing platform Sun Exchange closes series A funding round led by ARPF

SOUTH AFRICA – Sun Exchange, a solar leasing platform, has announced a US$3 million investment by ARPF, a Mauritian private equity fund advised by London-based ARCH Emerging Markets Partners Limited. This investment marks the close of a US$4 million Series-A funding round by Sun Exchange.   Sun Exchange will use the funds to scale its solution and expand into new markets across Sub-Saharan Africa, enabling platform users to solar power schools, clinics, farms, cell towers, water plants, businesses and other organisations across the continent.  It will bolster marketing activities and substantially grow…

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AfDB approves $25M Investment in Fund for Renewable Energy Projects

AFRICA – The African Development Bank Group (AfDB) has approved an equity investment worth US$25 million in ARCH Africa Renewable Power Fund (ARPF) to support renewable energy projects across Africa. The investment from AfDB comes as part of a US$250 million private equity fund that seeks to support the initiative. ARPF will subsequently provide equity for the development and construction of 10 to 15 Greenfield renewable energy projects in Sub-Saharan Africa, reports Digest Africa. This will boost the current installed energy generation capacity in the continent which stands at about…

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