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Oikocredit

More than 100,000 more Kenyan households could get solar after $8m investment

EU development body Edfi Electrifi and impact investor Oikocredit will each take a $4 million stake in Canadian off-grid home panel business Solar Panda.

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Nigerian mini-grid program appears to have been scaled back

An initial intent to commission 28 local solar-plus-storage networks has now been stated as comprising “around 20” mini-grids, with delivery expected this year, rather than by the middle of the year.

PowerGen and CrossBoundary to deploy solar to 55,000 people in rural Nigeria within a year

U.S.-owned, Nairobi-based mini-grid developer PowerGen has already rolled out seven local solar networks in the West African country, funded by equity investors who will recoup their cash when all 28 systems are sold to CrossBoundary Energy Access.

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SolarNow to bring off-grid PV to 17,500 more Ugandan homes

The domestic company has cleared a third debt funding facility of $9 million with Kenya-based SunFunder, responsAbility and Oikocredit. The credit means 2.5 MW of off-grid capacity, enough to bring energy to 70.000 people.

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