Kenyan energy company Solarise raises $10m Series B funding round

KENYA – Kenya-based clean energy and energy efficiency leasing company Solarise has raised a US$10 million Series B funding round to scale further across the continent. Founded by Patrik Huber, Jan Albert Valk and Sakkie van Wijk, Solarise Africa is an energy leasing company for solar and other energy assets focusing on commercial and industrial clients. The company, which provides smart financing via a selected group of partners, completed its Series A round last year and has now raised a Series B to help it further scale. The cash comes…

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PEG Africa raises US$5m from ElectriFI to continue expansion in West Africa

WEST AFRICA – PEG Africa, a West Africa-based pay-as-you-go (PAYG) solar company, has raised US$5 million from ElectriFI, Electrification Financing Initiative, to continue rapid growth in existing markets. The funding from ElectriFI is subordinated junior debt and will be used for growth in PEG’s existing markets. ElectriFI is funded by the European Union and managed by the EDFI Management Company, established by 15 European Development Finance Institutions. Hugh Whalan, CEO PEG Africa, said “PEG has almost doubled in size every year since 2015 and the fact we are now able…

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