Energise Africa is a crowdlending platform that allows everyday investors to support clean energy projects in Africa. The platform raises funds for solar-power businesses in Africa to bring affordable clean energy to millions of low-income, off-grid households across the sub-Saharan region.
P4G invested a total of US $944,343 in start-up funding in 2018 and scale-up funding in 2020 in this partnership.
So far, Energise Africa has raised over $35 million in investment to deliver clean, affordable energy to 655,000 people, benefit 8,064 small businesses, fishermen and smallholder farmers, and mitigate 130,000 tons of CO2 emissions.
In partnership with Power for All, Energise Africa published a report in September 2021 that identifies the major policy and financial barriers to investment in Ethiopia’s off-grid solar market and outlines the long-term reforms that are needed for decentralized renewable energy development and short-term actions that can be rapidly implemented to introduce new dynamism in the country’s energy ecosystem.
In October 2021, the partnership earned a UN Climate Action Award in the Financing for Climate Friendly Investment category for its transformative work in expanding finance for affordable clean energy access. The partnership is exploring ways to expand its impact in new regions and sectors.
Investing on energiseafrica.com involves risk, including loss of capital, illiquidity, and returns are not guaranteed. Read the full risk warning on https://www.energiseafrica.com/risk for further information.