Sun King Launches Its Sustainable Financing Framework
Sun King launches its Moody’s-rated Sustainable Financing Framework to reaffirm its dedication to promote transparency, responsibility, and sustainability across its financing activities. In May, Sun King, a leading off-grid solar company, launched its Sustainable Financing Framework to enhance the sustainability of its fundraising and investing activities. The framework has received a Second Party Opinion from…
Read MoreSun King and Citi Close First $130 Million Securitisation to Broaden Access to Finance for Off-Grid Solar in Kenya
The scalable loan instrument, arranged and structured by Citi with participation from leading development finance institutions and commercial lenders, helps expand Kenyans’ access to finance to purchase green, affordable solar systems. Sun King and Citi have established a first-of-its-kind, bank-led and entirely Kenyan-Shilling-denominated $130 million sustainable securitisation transaction. The transaction leverages Sun King’s existing and…
Read MorePayGo Energy Acquisition Marks Sun King’s First Step Towards Developing Clean Cooking Solutions
Drawing on its experience delivering solar energy products to 95 million underserved consumers in Africa and Asia, Sun King acquires PayGo Energy to develop clean cooking solutions for the three billion people reliant on wood and charcoal cookstoves. Sun King, the largest off-grid energy company in Africa and Asia, has acquired PayGo Energy, a leading…
Read MoreSun King Raises $260M to Widen Clean Energy Access in Africa, Asia
By Annie Njanja One of the largest solar companies in Africa and Asia, Sun King, has raised $260 million in series D funding to deliver off-grid energy technologies to more people across the two continents. Sun King (formerly Greenlight Planet) plans to use $100 million to expand its pay-as-you-go solutions and introduce larger setups that are…
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