Press releases

DEEN

d.light solar, a pioneering manufacturer and provider of solar power products, today announced that it has secured debt funding totaling USD 18 million from a consortium of lenders with a focus on the renewable energy space including two responsAbility-managed funds, SunFunder, DWM and SIMA. The financing will be used to further grow d.light’s operations across Africa.

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DEEN

Several responsAbility-managed funds focusing on micro- and SME finance and climate change mitigation in emerging markets, respectively, have entered into a financing agreement with Ameriabank, granting Armenia’s leading bank a total of USD 19.2 m in long-term subordinated debt. 

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DEEN

The responsAbility-managed climate fund and India-based Roserve Enviro Private Limited have announced their cooperation for financing energy-efficient waste-water recycling systems offered to industrial clients. Under the agreement, the fund will subscribe to Indian rupee denominated green bonds worth USD 8 m issued by the company. 

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DEEN

A combination of high electricity tariffs, falling PV prices and a lack of reliability in the grid is spurring sales of on-site solar to business customers in Sub-Saharan Africa. This is the conclusion of a new report by research company BloombergNEF (BNEF), commissioned by responsAbility Investments, assessing the potential of commercial and industrial solar opportunities in the region.

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DEEN

The responsAbility-managed climate fund contributes to the largest-yet receivables financing facility in the off-grid solar space. The facility was arranged by SunFunder for Kampala-based off-grid solar company SolarNow and follows an earlier USD 6 m syndication from October 2017.

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