Pay-as-you-go solar company Bboxx has gained access to four additional African markets with the acquisition of distributed energy resources provider PEG Africa.
Africa’s largest private equity firm has led a round of financing for Off Grid Electric to fuel the microgrid provider’s expansion in the continent, with investors including an arm of General Electric (GE).
Solar finance company PEG Africa has raised US$13.5 million for household solar systems in Ghana and the Ivory Coast, which is expected to reach up to 500,000 people.
The Ivory Coast plans to build a 25MW solar PV plant in the north of the country in Benguébougou, Korhogo, which will be one of the first solar plants in the country.
PEG Africa is a pioneering pay-as-you-go (PAYG) solar company focused on West Africa. Co-founder and CEO Hugh Whalan stopped by PV Tech to discuss why this business model is filling gaps in Africa's off-grid solar market, and how it has potential to evolve into meeting needs of consumers beyond electricity access.
