Startup Boreal raises US$7.5m for its solar powered desalinisation systems

AFRICA – German start-up Boreal Light has completed a round of financing which has enabled it to secure US$7.5 million dollars organised by the investment company GreenTec Capital Partners for the deployment of its solar-powered desalination systems in several African countries. The fundraising also saw the participation of a US-based wealth management office. The funds raised will enable Boreal Light to expand its activities on the African continent. In areas with an arid climate, the young company is installing kiosks for the distribution of drinking water obtained from a solar-powered…

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Solar supplier GreenTec merges with Nexus Energy to provide electricity access solutions

AFRICA – GreenTec, a solar mini-grid supplier, has merged with Nexus Energy, a company owned by Green Climate Ventures, an impact investor based in Florence, Italy, with hopes to deploy their electricity access solutions more effectively in sub-Saharan Africa mainly in the Sahel, where Africa GreenTec already offers its containerised solar systems. In this part of Africa known for its relatively arid climate, Africa GreenTec is installing systems consisting of solar panels on containers, which can electrify a small village. Each system is connected to a battery system for storing…

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