Engie, Green Climate Fund Invest in Off-Grid Solar Developer
- Company to expand into Senegal, Cameroon, Ivory Coast
- Data, remote monitoring makes solar home systems bankable: CEO
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Engie SA and Kawisafi Ventures, supported by the Green Climate Fund, invested in the U.K.’s BBOXX Ltd. in a bid to boost the rapidly expanding global market for off-grid solar power.
The C-round series raised $20 million, according to a statement by London-based BBOXX, which said that Montreal-based merchant bank MacKinnon Bennett & Co. and the Dutch Doen Foundation also participated. BBOXX will use the money to expand in Cameroon and the Ivory Coast.