Ugandan off-grid solar company SolarNow said it could install 17,500 more household solar power plants in the country after agreeing $9m of debt funding with SunFunder, responsAbility and Oikocredit. The company said it now had 2.5 MW of off-grid capacity, and CEO Willem Nolens said the new funding meant the firm could concentrate on its main business rather than fundraising. “Solar is a very important part of our business, but we are also looking at other ways to make money from it,” he said.
Ugandan off-grid solar company SolarNow said it could install 17,500 more household solar power plants in the country after agreeing $9m of debt funding with SunFunder, responsAbility and Oikocredit. The company said it now had 2.5 MW of off-grid capacity, and CEO Willem Nolens said the new funding meant the firm could concentrate on its main business rather than fundraising. Reports in 2018 highlighted the idea of using off-grid solar to enable a billion people without access to electricity to have their own supply.