sun-connect

Kingo Energy serves customers mainly in Guatemala and Colombia, providing pay-as-you-go solar power solutions to the poorest communities living in remote and off-grid rural areas.

As energy access crowdfunding volumes double year on year, will the crowd become a part of the financing mix?

Amped will use the investment to support the development of a new generation of highly efficient and affordable direct current appliances for low-income households, and to grow its sales, manufacturing, and engineering teams. This will further boost Amped’s growth as a B2B energy and appliance company and to deliver on its vision of energy access for all.

IDB Invest, a member of the IDB Group, made a $5 million equity investment in Ignite Holding Company (Kingo Energy), a provider of prepaid solar energy to homes and small businesses in rural communities not connected to the electricity grid.

The companies will collaborate to install e-Health connectivity solutions in remote clinics, which will provide local medical teams with immediate access to physicians around the world, as well as data analysis over the cloud.

The Fund has anchored its investment portfolio with loans to three last-mile solar distributors: Altech Group of the Democratic Republic of Congo; Deevabits Green Energy of Kenya; and Easy Solar of Sierra Leone and Liberia.

German supplier Raach Solar and a Bangladeshi partner have secured two tenders worth a total $9 million to install 705 solar-powered irrigation pumps in the north-western Bogra district of the South Asian nation.

In September, the company secured $90m in funding, which is being used to replace unsecured with secured debt. About $69m of the $90m has been drawn down, and once it is all used, new funds will be needed.

The companies will collaborate to install e-Health connectivity solutions in remote clinics, which will provide local medical teams with immediate access to physicians around the world, as well as data analysis over the cloud.

The living lab will validate the latest technologies in order to provide the market with a comprehensive blueprint of how microgrids can be flexibly operated in similar applications.