Nairobi-headquartered off-grid solar energy company Sun King has finalized a $156 million deal to expand off-grid solar installations in Kenya..
Nairobi-headquartered off-grid solar energy company Sun King has finalized a $156 million deal to expand off-grid solar installations in Kenya..
Sun King closes a $156 million (KES equivalent) securitization, the largest and first majority commercial-bank-backed deal of its kind in Sub-Saharan Africa outside South Africa. Backed by private capital from ABSA, Citi, The Co-operative Bank of Kenya, KCB Bank and Stanbic Bank Kenya. The new deal. .
Sun King has secured a $156 million deal backed by Kenyan banks and international development finance institutions to expand off-grid solar access in Kenya, financing the purchase of about 1.4 million solar products and smartphones. Nairobi-headquartered off-grid solar energy company Sun King has. .
Two Rivers Power Company is set to more than double its solar capacity through a strategic partnership with Distributed Power Africa-Kenya (DPA-K), boosting its output from 1.2 megawatts (MW) to 3.2 MW. This deal will create the largest rooftop solar installation for both residential and commercial. .
Centum Real Estate (Centum Re) and the Two Rivers International Finance and Innovation Centre (TRIFIC) SEZ have partnered with Distributed Power Africa-Kenya (DPA-K) to more than double solar power capacity at the Two Rivers complex in Nairobi, increasing output from 1.2 megawatts (MW) to 3.2 MW..
Simba Cement's 1.2 MW rooftop solar installation in Nairobi is the first in East Africa with Hi-MO X6 modules. (Image Credit: LONGi) China-based LONGi has announced the completion of a 1.2MW rooftop solar system at Simba Cement’s Nairobi facility, marking the first use of Hi-MO X6 modules in East. .
Norway-based renewable energy investor Empower New Energy has entered into a Sh323 million solar power contract at Abyssinia Group of Industries’ Awasi steel plant. Empower New Energy has invested $2.5 million (Sh323 million) in a solar power project at Abyssinia Group of Industries' Awasi steel.
