Energy Access Ventures makes follow-on investment in Solarise Africa for clean energy

AFRICA – Energy Access Ventures (EAV) has announced a follow-on investment in Solarise Africa, a pan-African clean energy and energy efficiency leasing company. The round was led by French development finance institution, Proparco, which invested the US$4.74 million in quasi equity through the AFD Group EU-funded African Renewable Energy Scale-Up facility, alongside existing investors, EAV and EDFI ElectriFI, an EU-funded impact investment facility. “We are grateful for the support we have received by EAV as our anchor investor and by the confidence our existing investors EAV and Electrifi have shown…

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EDFI ElectriFI invests US$8m in BEAM to increase energy access across Africa

AFRICA – Bamboo Capital Partners (Bamboo), an impact investing platform, has announced that ElectriFI, the impact investment facility funded by the European Union, has invested US$8 million in BEAM, a pioneering investment platform set to revolutionise energy access for millions in sub-Saharan Africa and Asia. The BEAM investment platform deploys early stage equity capital for distributed energy service companies (DESCOs) and will unlock further debt capital.  With 1.1 billion people across the world without access to a reliable energy source, BEAM aims to play an instrumental role in delivering energy…

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