US firm Renewvia launches Renewvia Energy Africa Holding and seeks to raise $350m
The Atlanta-based company recently inked a partnership agreement with Dream Projects Incubator (DPI), a Singaporean investment firm specialising in renewable energy. Renewvia promotes an aggressive strategy in Nigeria and Kenya.
25/03/2020 at 16h51, by Africa Business+
According to Jeune Afrique Business+, Renewvia’s CEO, Trey Jarrard, a former partner at insurer Convex, provided details about his company’s objectives. “Our goal is to install 1,000 off-grid solar power systems over the next five years in Nigeria and Kenya,” he said. To make this happen, the company is implementing an “aggressive strategy which also involves capital markets: in five years, we hope to raise $350m via equity and including a debt component as well.”
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