Renewables: Mozambique to Benefit from SunFunder/SolarWorks! Debt Facility
SunFunder closed a $2 million debt facility with SolarWorks!, a leading Pay-As-You-Go (PAYG) solar home system and energy services provider in Southern Africa. The investment took an innovative multi-currency approach through a partnership with US-based currency hedging company MFX Solutions. It will be used primarily for working capital to accelerate SolarWorks!’ growth in Mozambique and marks the first transaction in that country for both SunFunder and MFX. They expect the financing to directly impact the…
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