Winch Energy Lands $16 Million in Funding for African Solar Minigrids
London-based Winch Energy landed $16 million in funding, through a new financing platform, for solar minigrid projects in 49 villages in Uganda and Sierra Leone. The deal represents the largest ever minigrid financing portfolio, according to Winch, which is owned by Winch Partners, Total Eren, Al Gihaz Holding and ITOCHU Europe. Courtesy of Winch The funding came through a new financing platform, Winch Energy IPP Holdings, which could grow to $100 million over the next two years. The financing platform was created in partnership with NEoT Offgrid Africa. NEoT Offgrid Africa is part of NEoT, a...