Acumen Invests $5 Million in Sun King to Scale Pay-As-You-Go Solar Energy Access in Zambia
Acumen’s Hardest-to-Reach (“H2R”) Catalyze initiative has closed a $5 million equity investment in Sun King’s Zambia subsidiary. The investment will support Sun King’s expansion in Zambia, a market with significant unmet demand, while helping unlock local currency financing for its growth. With Acumen’s support, Sun King is expected to electrify nearly 5.6 million people over the next five years, including up to 4.5 million people gaining access to electricity for the first time in Zambia.
Photo courtesy of UNESCO-UNEVOC.
