Monday, March 24, 2014

Africa’s Off-Grid Solar Market Attracts Another $7m Investment

In line with the latest bout of investment sprouting into the continent’s profitable off-grid solar energy market, United States’ biggest solar energy firm, SolarCity Corp. has partnered with venture firms Vulcan Capital, a company owned by Microsoft co-founder Paul Allen and Omidyar Network to invest $7 million into Off-Grid Electric, a Tanzania-based company providing solar lighting services in Africa.

Off-Grid Electric is an African-focused energy firm that uses a mobile payment

More details here...

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