StanChart backs African solar power
- Green Image Solar LTD
- Feb 10, 2017
- 1 min read
UK-headquartered solar energy firm Azuri has received a US$5mn letter of credit facility from Standard Chartered for the deployment of its technology in Sub-Saharan Africa.
With the revolving facility, Azuri will manufacture more of its PayGo solar home systems, which allow users to pay for solar power on a pay-as-you-go basis using their mobile phones. These will then be sold in 13 markets across Sub-Saharan Africa, including Kenya, Ghana and Nigeria.
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