African solar energy projects to scale up as solar firms gets crowdfunded by Swedish company TRINE

Briefing

African solar energy projects to scale up as solar firms gets crowdfunded by Swedish company TRINE

May 8, 2017

Briefing

  • Crowdfunding Solar Projects in Africa – Swedish company, TRINE, started tapping community to fund solar firms in Africa, with current porfolio already reaching 10 renewable energy projects
  • Growing Financing Trend – Crowdfunding, unlike microfinance institutions that give small loans to firms, allows many small lenders to support organizations by pooling their resources
  • Companies Funded – Include solar-powered equipment manufacturer EcoZoom, pay-as-you-go solar energy provider Azuri East Africa, and two Africa-based microgrids
  • Low Risk Investments – Firms who got crowdfunded make their repayments on time, lowering investment risks common in crowdfunding platforms

Accelerator

Market Disruption

Sector

Energy, Financial Services

Organization

Azuri Technologies Ltd., EcoZoom, Trinine Finance Ltd.

Source

Original Publication Date

April 25, 2017

Leave a comment