d.light Raises US$50 Million in Debt Financing from EIB, responsAbility Investments and Others (Pan-Emerging Markets)

Source(s): d.light

d.light, a global provider of solar power and lighting solutions for off-grid communities, has raised US$50 million in debt financing from the European Investment Bank (EIB), impact investment fund managers responsAbility Investments and Social Investment Managers & Advisors, solar energy finance company SunFunder and an additional undisclosed investor. The company, which currently operates across distribution hubs in East Africa, West Africa, India, Southeast Asia and the United States, plans to use the funding to develop new solar appliance systems and expand its customer base in both existing and new markets.