Nuru Receives US$1.5 million to Expand its Solar Operations in DRC

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  • The US$1.5 million investment is provided in equal parts by E3 Capital (formerly Energy Access Ventures), Renewable Energy Performance Platform (REPP) and Proparco, the private sector financing arm of the French Development Agency (AFD).
  • This investment is part of a series B fundraising launched by Nuru to support the development of its solar mini grid activities in the Democratic Republic of Congo (DRC).

Nuru has already installed the first ever urban solar mini-grid in Goma, a city located in the North Kivu province. By opening its capital to a consortium of international investors, the company aims to develop an installed capacity of 13.7 MWp in the cities of Goma, Kindu in the province of Maniema and Bunia in the province of Ituri.

“Nuru is delighted to have partners like REPP, Proparco and E3 Capital giving us the means to provide life-changing energy access in an extremely challenging environment,” says Jonathan Shaw, Nuru’s co-founder and CEO. The Goma-based company already has an installed capacity of 1.7 MWp supplying people, industries and businesses.

Author: Bryan Groenendaal

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