Renewvia Energy receives USD1m commitment from Sima Fund to electrify communities in rural Kenya

The agreement includes a commitment of USD1 million from the SIMA Off Grid Solar and Financial Access Senior Debt Fund I, BV to enable Renewvia to expand energy access on the islands of Ringiti and Ndeda, where it currently owns and operates two solar minigrids, and to contribute to the development of new solar minigrids in five communities in Turkana County, Kenya.

Renewvia will develop and operate solar minigrids in the communities of Lomekwi, Nakukulas, Locheremoit, Kagintan, Kori, and Lorengelup by the end of 2021. These minigrids will provide clean, reliable and affordable energy to more than 7,500 individuals and multiple small- and medium-businesses, laying the foundation for improved livelihoods and economic growth.

Read more: Private Equity Wire