Climate Changed
San Francisco Startup Nabs $55 Million to Expand Solar in Africa
- Off Grid Electric to Expand Partnership with EDF in Ghana
- Declining solar prices helping bring power to rural areas
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Off Grid Electric, a San Francisco-based company that develops rooftop solar and battery systems in Africa, has raised $55 million as it expands into Ghana.
The Series D round was led by Helios Investment Partners and included GE Ventures, the venture capital subsidiary of General Electric Co., Off Grid said in a statement Thursday. The company’s Ghana expansion is part of a partnership with Electricite de France SA.