Browsing: d.light

• Global verification body Verra certifies d.light’s clean cookstove projects in Kenya, Uganda, and Nigeria.
• Initiative to distribute 600,000 clean cookstoves, which are now verified by leading certifiers as a trusted source of high-quality carbon credits.
• Launched in 2022, these projects have already positively impacted over one million lives and are on track to transform the lives of three million people by 2025. 

d.light’s clean cookstove initiatives

In a landmark move that helps advance the journey towards sustainable development and environmental health in Africa, d.light, a firm that provides innovative solutions for low-income households, has achieved a milestone with its projects receiving certification from Verra as a trusted source of high-quality carbon credits.

This certification marks d.light’s clean cookstove initiatives in Kenya, Nigeria, and Uganda as crucial players in the voluntary carbon markets (VCMs), aiming to reduce carbon emissions, combat indoor air pollution, and curb deforestation.

Addressing environmental challenges, and earning

• d.light and Chapel Hill Denham have closed $7.4 million in securitized financing to fund off-grid solar expansion in Nigeria
• The financing by Chapel Hill Denham’s Nigeria Infrastructure Debt Fund aims to scale up d.light’s low-cost pay-go offering of affordable, solar-powered products targeted at low-income households.
• This transaction signifies a pivotal stride in sustainable infrastructure investment in Nigeria, says Bolaji Balogun, CEO of Chapel Hill Denham.

d.light, a global provider of household products and affordable finance for low-income households, and Chapel Hill Denham, Nigeria-based alternatives asset manager, have sac à dos eastpak jordan proto max 720 yeezy boost 350 v2 hyperspace yeezy shoes under 1000 inflatable kayak sit top kayak custom kings jersey nike air max 90 futura sac à dos eastpak deuce vaughn jersey nike air max 90 futura 8 ft kayak kansas city chiefs crocs nike air jordan 1 elevate low kansas city chiefs crocs announced closing a …

• Grant-backed initiatives will boost subsidized access to clean, affordable solar energy for off-grid homes and businesses in Uganda.
• The funds will be used to subsidize the prices of essential clean energy solutions such as clean cookstoves, Solar Home Systems, and solar lanterns.
• More than 58 per cent of Uganda’s population, or over 18 million people, live without access to electricity.

d.light, a global provider of household solar products and affordable financing solutions for low-income households, is actively engaging in new grant-funded initiatives supported by the Ugandan Government.

The objective of these initiatives is to expand access to clean and affordable solar energy for homes, businesses, and public institutions in Uganda that currently lack reliable energy access. This concerted effort aligns with the country’s broader goals of sustainability and energy inclusivity.

With a total value of US$148M, the grants serve as crucial financial support for the green energy company endeavors. The …

• d.light enters into $30 million securitization facility, supporting its plan to acquire up to $125 million in energy assets.
• This funding is a partnership with the Eastern and Southern African Trade and Development Bank Group (TDB Group).
• Last year d.light’s PAY-GO model impacted over 1.6 million people, creating 2,000 jobs.

Solar lighting equipment provider d.light has secured fresh financing to increase availability of energy devices in households across Tanzania. The deal, which is a partnership with the Eastern and Southern African Trade and Development Bank Group (TDB Group) will fortify d.light’s existing financing, allowing the company to amplify the reach of its transformative Pay-Go personal finance service.

The company seeks to make solar-powered household products accessible to individuals and households with modest incomes. By leveraging securitized financing, d.light seeks to expand the availability of its cost-effective solutions, which include solar energy, battery storage, and more. The move not only benefits …

The Overseas Private Investment Corporation (OPIC), the Ford Foundation, and Citi Inclusive Finance have introduced Scaling Enterprise, a $100 million loan guarantee facility, which will enable Citi to provide early-stage financing in local currency to companies that expand access to products and services for low-income communities in emerging markets.

Loans and working capital in local currency and at affordable rates can enable early-stage social impact companies to achieve scale, greater efficiencies, and lower costs. Scaling Enterprise will facilitate vital growth financing to eligible companies that are expanding access to finance, agriculture, energy, affordable housing, water, and sanitation to low-income households in emerging markets.

In addition to enabling companies to scale and expand their impact, the partnership will help these ventures gain a wider array of mainstream financing options in the future.

“For many companies that are working to meet the needs of vulnerable and underserved populations in emerging economies, …

Global manufacturer and provider of solar power products–d.light has announced a US$18 million investment from a consortium of lenders, targeted for the African market.

The investment is focused 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, the company has announced.

d.light 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 171 GWh of renewable energy in the process.

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, the management said.

“The investment underpins the catalytic role of the company in making available clean, reliable solar energy solutions through the pay-as-you-go business …