Proparco finances Nuru's off-grid electrification project in DRC
Hybrid solar off-grid developer Nuru has obtained €1 million from Proparco to allow the company to deploy its solutions in several provinces of the Democratic Republic of Congo.
The company aims to electrify 5 million people by 2024 in the provinces of North Kivu, Maniema, Ituri, Haute Uélé and Kasaï. Nuru has already commissioned a 1.33MW hybrid solar power plant, one of the largest off-grid power generation facilities on the African continent. The solar power plant, which feeds into the grid in the city of Goma (North Kivu), is equipped with a battery storage system and back-up generators that supply electricity continuously after sunset.
By investing in Nuru, Proparco joins other technical and financial partners of the company launched in 2015 including off-grid Energy Peace Partners, Solarcentury, PowerGen Renewable Energy, Energy Access Ventures, the European Union’s Electrification Financing Initiative, and Gaia Impact Fund, a French investment fund dedicated to entrepreneurs in the renewable energy sector.
