Trine and Solarise Africa have signed a new infrastructure framework which is aimed primarily at increasing investment across several industries, including food security, renewable energy, urban development, and manufacturing and production.
The prioritized locations for this framework includes South Africa, Kenya, Ghana and Rwanda. More firms are seeking on-site renewable energy assets, especially as many of them have been affected by a rise in energy costs. Some of these firms are also looking to run a more sustainable operation.
Trine, the Sweden-headquartered impact investment platform and Solarise Africa, a pan-African energy leasing company have launched this €5 million venture, which is targeted at growing the scale of investment in major infrastructure sectors.
The initial debt financing round disbursed by Trine will make meeting the demand for renewable energy more plausible. It will also power five solar projects in the regions of South Africa and Kenya.
Jan Albert Valk, CEO and Co-Founder at Solarise Africa, said: “Our first debt raise marks a milestone for the business. We are deeply honoured by Trine’s and its investors’ confidence. These funds will be used to deploy projects and expand market share in current operational countries.”
“We are excited to make our Energy-as-a-Service offering available to more partners so that we can actively drive Africa’s progress together,” he added.
Pan Finance is a print journal and news website providing worldwide intelligence on finance, economics and global commerce. Known for our in-depth analysis and opinion pieces from esteemed academics and celebrated professionals; our readership consists of senior decision makers from across the globe.