US-based off-grid solar product manufacturer d.light has secured US$176 million to support its PayGo consumer loan offering in three African countries.
Homeowners across Afghanistan are set to benefit from the country's first pay-as-you-go (PAYG) home solar systems combined with energy storage batteries, being delivered in a pioneering new programme led by the IFC and d.Light.
Orange, which already provides energy access through solar to residents in the Democratic Republic of Congo (DRC) and Madagascar, is extending its services to Burkina Faso, and further ahead in Senegal, Mali, Guinea and Côte d’Ivoire by June this year.
The European Investment Bank (EIB) is to provide US$25 million in financing to d.light design to strengthen access to energy in Africa via solar kits, starting off in Ethiopia, Kenya, Nigeria, Tanzania and Uganda.
Off-grid solar product distributor d.light has partnered with cloud-based microfinance institution Musoni to expand access to solar for low-income consumers in Kenya.
Solar lighting and power product designer d.light announced Tuesday that its D30 Pay-Go home system has sold 120,000 units within the first six months of its October 2016 global launch.
Solar product distributor d.light has raised another US$10.5 million, bringing its total to US$40 million in four months for off-grid ventures in Africa and Asia.
Phoenix Solar joins Singapore-based floating PV testers, GIPCL issues LoIs to Vikram Solar over 80MW in Gujarat, Brazil solar industry needs BRL6 billion after December auction, Altus Power starts 6.2MW solar plant construction in Hawaii,
