PEG, the pay-as-you-go solar firm based in Ghana, is expanding its operations in the West African country and the region. The company has raised an estimated $3.4 million to fund its expansion across West Africa.
PEG is targeting the installation of 500,000 systems in West Africa over the next five years.
Its latest funding round was led by France-based I&P Afrique Entrepreneurs and attracted investment from Impact Assets Emerging Markets Climate Fund, French investment fund ENGIE Rassembleursd’Energies, German development finance institution DEG, and US debt provider SunFunder.