- Distributed Power Africa (DPA) Kenya Limited has received funding worth Sh332 million from Mirova SunFunder to deploy solar energy solutions to commercial and industrial (C&I) customers in Kenya.
- The funding to DPA Kenya Limited will enable the company to unlock additional solar energy solutions for their customers in the C&I sector.
Distributed Power Africa (DPA) Kenya Limited has received funding worth Sh332 million from Mirova SunFunder to deploy solar energy solutions to commercial and industrial (C&I) customers in Kenya. Mirova SunFunder’s senior investment officer leading the transaction, Jemimah Kwakye-Fosu, said the relationship is timely, particularly with the increased demand for Solar energy and climate change is a global concern.
While signing the deal, DPA Ceo Norman Moyo said the partnership would scale up renewable energy access in Kenya. He noted that energy is critical in supporting Africa’s economic development and digital transformation. He added, “With this investment, we expect to see increased uptake of renewable energy by enterprises in Kenya”.
The funding to DPA Kenya Limited will enable the company to unlock additional solar energy solutions for their customers in the C&I sector. DPA expects to deploy more solar sites in Kenya utilising this financing. In his remark, Jeremiah said, “We believe this facility will enable DPA to execute on their growing pipeline”. Mirova SunFunder is working on a new $500 million fund called the Gigaton Fund to accelerate the adoption of renewable energy and climate solutions in Sub-Saharan Africa and other emerging markets.