US government development finance institution Overseas Private Investment Corporation (OPIC) has committed US$25 million in financing to a fund managed by off-grid solar firm SunFunder, which will provide loans to companies developing off-grid solar products and solutions for Sub-Saharan Africa and Asia.
SunFunder forecasts that its Solar Energy Transformation Fund will make individual loans to more than 50 off-grid solar companies, which in turn will enable more than three million people to gain access to clean, affordable energy and lighting.
