SunFunder closes $2m multi-currency debt facility in Mozambique with MFX Solutions for SolarWorks!

SunFunder closes $2m multi-currency debt facility in Mozambique with MFX Solutions for SolarWorks!

We are expanding into new markets, with our first transaction in Mozambique with SolarWorks!, the country’s leading Pay-As-You-Go (PAYG) solar home system and energy services provider.

The $2m debt facility will allow them to directly impact 65,000 people with improved energy access while displacing at least 26 tonnes of CO2 emissions. It also took an innovative multi-currency approach through our partnership with US-based currency hedging company MFX Solutions, and was their first transaction in Mozambique.

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.