- DPA receives Sh332 million from Mirova for solar energy solutions.
- Mirova SunFunders is working on a new $500 million fund called the Gigaton Fund.
To provide solar energy solutions to businesses and industries, Distributed Power Africa (DPA) Kenya Limited has received Sh332 million in funding from Mirova SunFunder. DPA’s chief executive officer, Norman Moyo, claims that the award will assist the renewable energy distributor in establishing more solar sites in Kenya.
DPA is a market leader in creating and overseeing renewable energy projects in Africa, especially in Kenya, South Africa, and Zimbabwe. It provides renewable energy solutions in addition to data centers, telecom switching centers, towers, manufacturing plants, hospitals, and other critical industrial clients.
Through its investment strategies in infrastructure for the energy transition, private equity, social impact investing, and listed shares, Mirova SunFunder has been a leader in impact investing in Europe. It is quickening its investments in developing nations with abundant natural resources.
Funding DPA is another achievement for Mirova SunFunder in growing their financial services in Kenya through their thoroughly utilized Solar Energy Transformation (SET) Fund. Additionally, they are developing the Gigaton Fund, a new $500 million fund, to hasten the adoption of climate and renewable energy solutions in Sub-Saharan Africa and other emerging countries.
The expansion of affordable solar energy solutions for Kenyan enterprises will be accelerated by Mirova SunFunder’s local presence and financial know-how, along with the sizable customer funnel of a top pan-African firm like DPA, Audrey said Desiderato, co-founder and COO of Mirova SunFunder.