USD 9 m debt financing for Dutch-based SolarNow

The $9 million facility is SolarNow’s third structured asset finance instrument, or SAFI, arranged by SunFunder. It will enable the company to deploy 17,500 new off-grid solar systems to customers in Uganda, along with a range of appliances.

The facility is the third syndication arranged by SunFunder with responsAbility and Oikocredit, showing the ongoing importance of specialist origination and collaborative investments for the emerging solar market. The partners also worked on a multi-currency syndicated debt facility for PEG Africa in Ghana and Cote d’Ivoire.

Source: PV-Magazine



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