Power company Bboxx acquires PAYG solar company PEG Africa

WEST AFRICA – Bboxx, the UK-based power company, has expanded its footprint in Africa by acquiring pay-as-you-go solar company, PEG Africa. The acquisition will transform the continent’s utility sector by making Bboxx and its group of companies the largest network in Africa for utility services and a driving force behind access to goods and services for underserved communities. PEG is…

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Solar systems provider d.light secures US$50m investment to expand its PAYG business

AFRICA – d.light, a pioneering manufacturer and provider of renewable energy solutions, has received a new US$50 million investment from an international lender consortium. The consortium is comprised of Mirova SunFunder, TDB (Trade and Development Bank), and FMO, the Dutch entrepreneurial development bank. The investment is structured as a balance sheet debt facility and will allow the company to continue…

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