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D.light raises $50 million in debt as investors warm up (again) to off-grid solar

D.light raises $50 million in debt as investors warm up (again) to off-grid solar
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Rural focused solar lamps firm raises funds to power Kenya expansion


Rural focused solar lamps firm raises funds to power Kenya expansion
Tuesday February 09 2021
By BRIAN NGUGI
Summary
A Delhi-based solar kits firm has raised Sh1.3 billion to power its expansion in Kenya as it eyes a bigger share of the market.
D.light Design, which provides affordable lighting and power solutions raised the funds from Norfund, the Norwegian Investment Fund for Developing Countries, through its capital raising vehicle Brighter Life Kenya 1 Limited (BLK1).
A Delhi-based solar kits firm has raised Sh1.3 billion to power its expansion in Kenya as it eyes a bigger share of the market.
D.light Design, which provides affordable lighting and power solutions raised the funds from Norfund, the Norwegian Investment Fund for Developing Countries, through its capital raising vehicle Brighter Life Kenya 1 Limited (BLK1). ....

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Norwegian investment in Kenyan renewable scheme


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 ....

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