SunFunder invests in Nigeria26 May 2020
SunFunder, a solar finance company providing debt capital to solar enterprises in emerging markets, has announced its first disbursement in Nigeria, part of a facility of up to $4 million with solar developer, Daystar Power.
Daystar Power specialises in providing solar power and energy efficiency solutions for businesses in the commercial, industrial, and agricultural sectors that result in significant reduction of power costs, diesel consumption and pollution. As well as reduced costs, it promises end-users increased reliability via combined solar and storage. According to a recent study by Bloomberg New Energy Finance, Nigeria has the largest potential for C&I (commercial & industrial) solar in Africa because of the scale of the opportunity for diesel replacement.