AFRICA – German start-up Boreal Light has completed a round of financing which has enabled it to secure US$7.5 million dollars organised by the investment company GreenTec Capital Partners for the deployment of its solar-powered desalination systems in several African countries.
The fundraising also saw the participation of a US-based wealth management office.
The funds raised will enable Boreal Light to expand its activities on the African continent.
In areas with an arid climate, the young company is installing kiosks for the distribution of drinking water obtained from a solar-powered desalination system which is already operational in several countries on the continent, notably in Somalia where Boreal Light recently commissioned a desalination system capable of supplying 1.5 m3 of drinking water per hour to the people of Oog, in the Sool region.
After six years of hard work, the company is ideally placed to scale up, having established a network of water kiosks in Kenya and completed projects in Yemen, Somaliland, and Uganda. The company has also established a presence in South Africa with a local office and projects already completed and plans to expand into the Southern African Development Community (SADC),” says GreenTec Capital Partners.
The above counties have arid climates or brackish groundwater, the consumption of which requires special treatment.
The company designs and manufactures affordable solar water desalination systems for off-grid communities around the globe.
Powered fully by solar, simplicity of the design and affordability of the cost of the systems manufactured by Boreal Light are the three great competences the company is proud of.