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Norwegian investment in Kenyan renewable scheme
Published by: Andrew Mizner at 05/02/2021 A Kenyan solar energy supply project has received extra financing through Norfund.
A Kenyan solar energy supply project has received extra financing through Norfund.
Norway’s development finance institution has provided financing to a Kenyan off-grid solar energy development project.
Norfund expanded the receivable finance facility held by the financing vehicle
Brighter Life Kenya 1 (BLK1), taking the total financing facility to USD 127 million, of which Norfund provided USD 15 million.
BLK1 was established last year by
Solar Frontier Capital (SFC) and
d.light design, courtesy of USD 65 million in financing from the United States International