HomeRegional NewsAfricaTrine and Solarise Africa sign €5m infrastructure framework agreement

Trine and Solarise Africa sign €5m infrastructure framework agreement

A new infrastructure framework sets out to advance investment across multiple industries in food security, renewable energy, urban development, and manufacturing and production in South Africa, Kenya, Ghana and Rwanda. 

Demand for on-site renewable energy assets is growing rapidly as businesses are faced with rising energy costs and a desire to improve the sustainability of their operations.

This is highlighted by Swedish-based impact investment platform Trine announcing their new partnership this week with Solarise Africa, a pan-African energy leasing company. The two companies have embarked on the €5 million venture, which aims to advance investments in key infrastructure sectors.

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Building on-site microgrid assets require significant capital outlay and building owners and operators have few other options today to take control of their energy. The first debt financing round provided by Trine will unlock the potential to meet the demand for renewable energy and will finance five solar projects in the regions of South Africa and Kenya.

Sam Manaberi, CEO and co-founder of Trine, explained that through this partnership, the company can move into the commercial and industrial market.

“This presents a new offering for our investors as Solarise Africa works with a selected group of renewable energy solution companies and collaborates very closely with their partners to provide a range of tailor-made financial solutions for their customers. Their innovative financing solutions are very impressive and we are glad to have them on board and look forward to following their continued success,” Manaberi said.

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Jan Albert Valk, CEO and Co-Founder at Solarise Africa, also commented: “Our first debt raise marks a milestone for the business.

“We are deeply honoured by Trine’s and its investors’ confidence. These funds will be used to deploy projects and expand market share in current operational countries. At the moment, Solarise Africa has operations in Kenya, South Africa, Rwanda, Uganda, and Ghana where several projects have been deployed, and our pipeline continues to expand quickly.

“We are excited to make our Energy-as-a-Service offering available to more partners so that we can actively drive Africa’s progress together,” he concluded.

Nicolette Pombo-van Zyl
As the Editor of ESI Africa, my passion is on sustainability and placing African countries on the international stage. I take a keen interest in the trends shaping the power & water utility market along with the projects and local innovations making headline news. Watch my short weekly video on our YouTube channel ESIAfricaTV and speak with me on what has your attention.