The Energy and Environment Partnership Trust Fund (EEP Africa) has provided Solarise Africa with a €1 million allocation to bolster its renewable energy leasing initiatives in Uganda and Zambia.
This allocation will be complemented by an additional €1 million in co-funding from Solarise Africa, resulting in a total project budget of €2 million over a two-year period.
The funds will facilitate the company’s market entry and operational growth in both countries, alongside the installation of off-grid renewable energy systems for businesses, industrial facilities, and community organizations.
The initiative aims to deliver 3 MW of additional clean energy capacity, incorporating solar panels, battery storage, and heat pumps where feasible.
Solarise Africa delivers renewable energy access through a lease-based framework, encompassing financing, technical implementation, system upkeep, and energy management support.
Established in 2018, the company serves businesses across Southern and East Africa, enabling them to adopt renewable infrastructure without full upfront payments.
The EEP Africa grant will strengthen local collaborations, operational readiness, and project pipelines in Uganda and Zambia.
According to the agreement, Solarise Africa must track and confirm at least 4.5 GWh of clean electricity generated and 3,600 tonnes of reduced CO₂ emissions.
The EEP Africa investment is designed to mitigate entry barriers and financial risks, while creating a foundation for future private sector involvement in commercial and industrial renewable projects.
Through this program, Solarise Africa intends to grow its project list in Uganda and launch its first projects in Zambia, with plans to sustain operations and new deployments beyond the grant’s conclusion.
Financing Gaps and Solarise Africa’s Prior Funding
Companies throughout Africa require energy that is more reliable, affordable and clean, yet they often lack the capital and financing structures needed for the shift. Solarise Africa says its purpose is to close that financing gap.
The firm has already obtained equity and debt financing from African and international investors and development finance institutions to fund its growth beyond Kenya.
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