August 1

D.light Raises $50 Million for Its Solar Home Systems

By Jean Marie Takouleu

Several investors are raising $50 million to support d.light’s expansion in Africa. In rural areas, the company based in San Francisco in the United States of America distributes solar home systems and other solar-powered appliances.

Good news for d.light. The clean electricity access solutions provider is getting new funding for its expansion in Africa. It is a $50 million line of credit opened by a consortium of lenders including Mirova SunFunder, the Trade and Development Bank (TDB), a trade and development financial institution operating in East and Southern Africa, and the Netherlands Development Finance Company (FMO).

Photo courtesy of DFID.

Source: Afrik21 (link opens in a new window)

Energy, Social Enterprise
renewable energy, solar