Oikocredit invests in SolarNow to help bring solar energy to 17,500 customers in Uganda
Tuesday 08 January 2019 Oikocredit has closed its largest investment yet in off-grid solar company SolarNow, together with SunFunder and responsAbility.
Oikocredit partner SolarNow sells, finances and installs solar systems and solar appliances to households and businesses without access to the electricity grid in East Africa. Oikocredit and responsAbility's investment of US $9 million in debt financing will enable the company to deploy 17,500 new off-grid solar systems to customers in Uganda.
This is the second time that Oikocredit and responsAbility have participated with SunFunder to finance the growth of SolarNow, after a similar US $6 million syndication 14 months ago.
Archive > 2019 > January
- 30/01/2019 30/01/2019, 09:00 - With my chickens, I feel free
- 29/01/2019 29/01/2019, 11:00 - Reflecting on 2018 and looking forward
- 17/01/2019 17/01/2019, 10:00 - Strengthening market access for small-scale farmers in India
- 08/01/2019 08/01/2019, 13:48 - Oikocredit invests in SolarNow to help bring solar energy to 17,500 customers in Uganda