- d.light enters into $30 million securitization facility, supporting its plan to acquire up to $125 million in energy assets.
- This funding is a partnership with the Eastern and Southern African Trade and Development Bank Group (TDB Group).
- Last year d.light’s PAY-GO model impacted over 1.6 million people, creating 2,000 jobs.
Solar lighting equipment provider d.light has secured fresh financing to increase availability of energy devices in households across Tanzania. The deal, which is a partnership with the Eastern and Southern African Trade and Development Bank Group (TDB Group) will fortify d.light’s existing financing, allowing the company to amplify the reach of its transformative Pay-Go personal finance service.
The company seeks to make solar-powered household products accessible to individuals and households with modest incomes. By leveraging securitized financing, d.light seeks to expand the availability of its cost-effective solutions, which include solar energy, battery storage, and more. The move not only benefits …
The post d.light in $125M deal to power Tanzania’s solar demand appeared first on The Exchange.
