Solar power company, Energicity raises $3.25M to fund expansion in West Africa

WEST AFRICA – Energicity, a West African developer and operator of microgrid utilities, has raised US$3.25 million in a seed investment round to fund the expansion efforts in the region. This round of funding- led by Ecosystem Integrity Fund (EIF), a sustainability-focused venture capital fund – follows an earlier investment by Treehouse Investments, which closed in November 2016. Earlier this month, The Africa Power Journal published a new study titled Smart renewable electricity portfolios in West Africa which mapped the potential of solar-wind-water strategies for West Africa According to the…

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