- Claritas will provide $10m to Renewvia Energy Corporation.
- Renewvia deploys mini-grid and C&I services in Africa.
- Renewvia targets the provision of energy access to 350,000 people and small businesses by 2024.
Nashville based private equity firm Claritas Capital is set to provide Renewvia Energy Corporation, a leading global solar developer, with $10 million to accelerate growth and finance the company’s expansion plans in the US and Africa. The Atlanta-based Renewvia designs, installs, owns and operates commercial and rural solar power systems across three continents.
Renewvia focuses on mini-grid systems and C&I solar deployment in Africa, providing reliable, affordable, and clean energy solutions to individuals and small businesses across several countries in Sub-Saharan Africa. The company’s portfolio and growing project pipeline of mini-grids will provide energy access to over 350,000 individuals and small businesses in remote off-grid areas while offsetting 2800 tons of carbon emissions by 2024.
Trey Jarrard, the CEO, Renewvia Energy, states that the partnership with Claritas “aggressively advances Renewvia’s mission of creating value for our commercial clients and increasing quality of life to more people around the world by delivering the first source of reliable, affordable and clean energy.” Meanwhile, John Chadwick, Founder and Partner at Claritas added that “it is an incredible time to be part of the renewable story and Renewvia’s successful track record on a global scale has proven they can deliver reliable, clean power and create value while improving lives. We look forward to partnering with Renewvia as they rapidly expand their domestic and international renewable development platform.”
In the US, Renewvia is a renewable energy leader providing clean energy solutions that improve lives, create value for businesses, and contribute to a more sustainable environment. This investment will enable Renewvia to meet the increasing demand for end-to-end commercial distributed solar services from its growing customer base across the country.