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African Startup Funding Tracker

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Energise Africa And Solarise Africa Secure USD 1 Mn For Large-Scale Projects
Energise Africa And Solarise Africa Secure USD 1 Mn For Large-Scale Projects

In a partnership between Energise Africa and Solarise Africa, crowd funders in the UK have raised over EUR 1 million (USD 1.36 Mn) in just days to fund eight large-scale solar energy projects in sub-Saharan Africa. Solarise Africa, a pan-African Energy-as-a-Service company with roughly 10MW of operational solar plants across Sub-Saharan Africa, has raised a total of EUR 1.05 million (USD 1.43 Mn) to date. 

The funds will enable the company to install and lease approximately 1.35MWp of solar panels and 156kWp of batteries to eight commercial and industrial (C&I) customers in Sub-Saharan Africa. Energise Africa, is a UK impact investing platform with a vision to put life-changing clean electricity with the reach of millions of people in sub-Saharan Africa and beyond through people-powered finance.