Energise Africa is a crowdfunding platform that allows everyday investors to support clean energy projects in Africa. The platform enables African solar businesses to raise funds to bring clean energy to millions of 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.
In two years, more than $21 million has been invested through the Energise Africa platform. The partnership has helped more than 452,000 people across Africa access clean energy and reduced annual CO2 emissions by 100,000 tons. The partnership now seeks to support more than 40 renewable energy companies in Africa to raise flexible finance and secure significantly more investors for the platform. This will allow it to enable clean energy access for more than 50 million people and mobilize more than US $1.7 billion in people-powered finance over the next 5 years.