SunFunder shares lessons on blended finance in white paper

SunFunder shares lessons on blended finance in white paper

SunFunder is excited to share a new white paper “Scaling Energy Access with Blended Finance: SunFunder and the Role of Catalytic Capital, reporting on its latest efforts to leverage catalytic capital from the DOEN Foundation, Facebook, The Packard Foundation and The Rockefeller Foundation, among others, to blend in other investors essential to reaching scale.

This paper focuses on lessons from SunFunder’s experience having unlocked over $62m by the end of 2017 through a series of innovative aggregated debt funds which have offered investors a route into the sector. Drawing on the experience from its current funds and more recent engagements with future investors, SunFunder also presents some considerations for moving forward with new partnerships.

Greenlight Planet’s $60m round, our fourth transaction together

Greenlight Planet’s $60m round, our fourth transaction together

Long-time SunFunder partner and leading off-grid solar company Greenlight Planet announced this week it had raised $60 million, which included our fourth loan together. The round of equity and debt financing was led by London-based private equity fund manager Apis Partners. 

Ryan Levinson, Founder & CEO of SunFunder, commented:

“Our first loan to Greenlight was in 2014 and we are delighted to continue growing our relationship with a great business that is truly scaling its impact.” 

SunFunder arranges the first multi-currency syndicated off-grid solar loan, in West Africa

SunFunder arranges the first multi-currency syndicated off-grid solar loan, in West Africa

We are pleased to announce that SunFunder has led an $8 million syndication for leading off-grid solar company PEG Africa in West Africa.

SunFunder arranged the large multi-currency syndicated loan – an industry first – to bring in five other lenders, including responsAbility, Oikocredit, Global Partnerships and Palladium Impact Investments.

The debt facility formed the larger part of a $13.5 million fundraise by PEG Africa, which also included Series B equity financing.