Brighter Life Kenya 1

Africa

Region

0.1

Investment (MNOK)

Exit

Status

The Project provided funding to special purpose vehicle `Brighter Life Kenya` in order to purchase accounts receivables of Pay-As-You-Go X850 solar home systems customers of d.light design Inc., structured as a novel off-balance-sheet financing. The investment is an expansion financing of the first large-scale demonstration of an off-grid solar home system receivables financing structure.

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Key information

Sector:
Renewable Energy
Investment (MNOK):
0.1
Year:
2020
Region:
Africa
Country:
Kenya
Domicile:
Jersey
Instrument:
-
Status:
Exit
Mandate:
Development

Additionality for Brighter Life Kenya 1

This investment is particularly additional on the following ambitions:

  • Investing in the poorest countries      
  • Investing in capital constrained markets    
  • Investing in risky markets    
  • Investing in difficult business environments    
  • Mobilising private investors