US-based SunFunder injects Sh120mn in Kenyan solar firm

By professo

The Kenyan solar energy company, Questworks, has received a SH120mn (US$1.19mn) loan from the US solar financer, SunFunder.

The finance will support Questwork’s expansion plans, as it aims to increase its portfolio with commercial and industrial solar connections.

Kenya is becoming increasingly interested in solar energy projects and has seen a rise in sectors implementing renewable energy.

SEE ALSO:

“We are very happy to have secured this SunFunder support which will enable us to execute on our growing solar pipeline, and we believe there is also an exciting opportunity to enable the Kenyan economy thrive on reduced cost of energy,” stated Yim Kipchumba, Co-Founder and Chief Financial Officer at Questworks.

The Kenyan firm was responsible for installing solar panels for Strathmore University – providing enough to power 75% of the campus’ energy demand.

“During our due diligence we were highly impressed by Questworks’ in-house technical team and the diversity of skills that make them a one-stop shop for end users and real estate developers wanting to build solar PV systems,” commented Audrey Desiderato, Co-Founder of SunFunder.

Share

Featured Articles

Top 10 largest revenue generating family businesses in MENAT

From the UAE to Turkey, these family firms are the largest by revenue in MENAT and cover everything from energy to entertainment

Top 10 metaverse projects in the UAE, including world firsts

As Accenture predicts the metaverse will fuel a US$1 trilion commerce opportunity by 2025, we round up 10 pioneering metaverse projects in the UAE

PwC’s survey shows Middle East CEOs remain upbeat on growth

CEOs in the Middle East are far more optimistic about regional growth than those in North America and Europe, according to PwC’s annual survey

Opinion: “Why we must tackle the digital skills crisis"

Leadership & Strategy

5 Mins With: Kathryn Kaminsky Vice Chair Trust Solutions PwC

Leadership & Strategy

Survey: The Future of Cloud Security in the Middle East

Technology