{"id":54,"date":"2019-07-25T19:42:06","date_gmt":"2019-07-25T19:42:06","guid":{"rendered":"http:\/\/solarpowerinvestor.com\/index.php\/2019\/07\/25\/india-bitcoin-prices-drop-as-media-misinterprets-govs-regulation-speech\/"},"modified":"2022-06-15T22:35:14","modified_gmt":"2019-09-26T21:47:03","slug":"india-bitcoin-prices-drop-as-media-misinterprets-govs-regulation-speech","status":"publish","type":"post","link":"https:\/\/solarpowerinvestor.com\/india-bitcoin-prices-drop-as-media-misinterprets-govs-regulation-speech\/","title":{"rendered":"AFRICA-Based D.LIGHT SOLAR, a renewable energy start-up secures $18M debt round"},"content":{"rendered":"

A consortium of renewable energy-focused lenders is providing debt funding totalling $18 million to a manufacturer of solar power products, d.light solar. The consortium includes two responsibly managed funds, along with SunFunder, DWM and SIMA.<\/p>\n

The financing will be used to further grow the company’s operations across Africa, which has already brought solar power to nearly 100 million people without access to reliable electricity since 2007 using pay-as-you-go financing solutions and generating 171GWh of renewable energy in the process.<\/p>\n

The additional funding will enable the company to expand its product line, enter new markets and reach even more customers, all of which will drive the company’s mission of making clean energy products universally available and affordable.<\/p>\n

“The investment underpins the catalytic role of the company in making available clean, reliable solar energy solutions through the pay-as-you-go business model that enables off-grid customers to pay for solar lighting products in affordable instalments using various mobile payment options,” said d.light CEO and co-founder Ned Tozun.<\/p>\n

Speaking on behalf of responsAbility Investments, Antonia Schaeli, Principal – direct investments energy debt, explained: “Financing d.light’s innovative pay-as-you-go solar business, particularly in Africa, allows our funds to ensure people gain access to energy in a way that safeguards our climate.”<\/p>\n

d.light’s chief financial officer, Adrian Bock, noted, “We are both proud and humbled by the continued support of the funders. We have been able to attract over $50 million of debt funding in the recent past, excluding this latest tranche, on the back of our continued focus on financial discipline and operational excellence to ensure consistent profitability while accelerating our overriding mission of providing clean accessible energy for all.<\/p>\n","protected":false},"excerpt":{"rendered":"

A consortium of renewable energy-focused lenders is providing debt funding totalling $18 million to a manufacturer of solar power products, d.light solar. The consortium includes two responsibly managed funds, along with SunFunder, DWM and SIMA. The financing will be used to further grow the company’s operations across Africa, which has already brought solar power to […]<\/p>\n","protected":false},"author":1,"featured_media":25,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[8,2],"tags":[17,18],"class_list":["post-54","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industryresearch","category-solarvcdeals","tag-lending","tag-market-stories"],"yoast_head":"\nAFRICA-Based D.LIGHT SOLAR, a renewable energy start-up secures $18M debt round - Solar Power Investor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solarpowerinvestor.com\/india-bitcoin-prices-drop-as-media-misinterprets-govs-regulation-speech\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AFRICA-Based D.LIGHT SOLAR, a renewable energy start-up secures $18M debt round\" \/>\n<meta property=\"og:description\" content=\"A consortium of renewable energy-focused lenders is providing debt funding totalling $18 million to a manufacturer of solar power products, d.light solar.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/solarpowerinvestor.com\/india-bitcoin-prices-drop-as-media-misinterprets-govs-regulation-speech\/\" \/>\n<meta property=\"og:site_name\" content=\"Solar Power Investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarPowerInvestor\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-25T19:42:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-09-26T21:47:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/cdnn.solarpowerinvestor.com\/wp-content\/uploads\/2019\/08\/03171149\/weather-forecasting-scaled.jpg?fit=2560%2C2560&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"2560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tim D\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solarpowerinve1\" \/>\n<meta name=\"twitter:site\" content=\"@solarpowerinve1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tim D\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/solarpowerinvestor.com\/india-bitcoin-prices-drop-as-media-misinterprets-govs-regulation-speech\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/solarpowerinvestor.com\/india-bitcoin-prices-drop-as-media-misinterprets-govs-regulation-speech\/\"},\"author\":{\"name\":\"Tim D\",\"@id\":\"https:\/\/solarpowerinvestor.com\/#\/schema\/person\/4c7e8a52044e1424978d594d771cbf9e\"},\"headline\":\"AFRICA-Based D.LIGHT SOLAR, a renewable energy start-up secures $18M debt round\",\"datePublished\":\"2019-07-25T19:42:06+00:00\",\"dateModified\":\"2019-09-26T21:47:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/solarpowerinvestor.com\/india-bitcoin-prices-drop-as-media-misinterprets-govs-regulation-speech\/\"},\"wordCount\":298,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/solarpowerinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/solarpowerinvestor.com\/india-bitcoin-prices-drop-as-media-misinterprets-govs-regulation-speech\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/solarpowerinvestor.com\/wp-content\/uploads\/2019\/08\/weather-scaled.jpg\",\"keywords\":[\"Lending\",\"Market Stories\"],\"articleSection\":[\"Industry Research\",\"Solar Venture Capital Deals\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/solarpowerinvestor.com\/india-bitcoin-prices-drop-as-media-misinterprets-govs-regulation-speech\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/solarpowerinvestor.com\/india-bitcoin-prices-drop-as-media-misinterprets-govs-regulation-speech\/\",\"url\":\"https:\/\/solarpowerinvestor.com\/india-bitcoin-prices-drop-as-media-misinterprets-govs-regulation-speech\/\",\"name\":\"AFRICA-Based D.LIGHT SOLAR, a renewable energy start-up secures $18M debt round - 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