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Arnergy, a Nigerian cleantech startup, has raised an additional $15 million in an extended Series B round, totaling $18 million, to expand its solar energy solutions. The funding will support the installation of over 12,000 solar systems by 2029 and enhance its lease-to-own product, Z Lite. However, the company faces challenges from a proposed ban on imported solar panels, which could disrupt the sector's growth.
IndiGrid, India's largest power sector infrastructure investment trust, has partnered with British International Investment and Norway’s Norfund to invest $300 million in energy transition projects. This funding will support the development of new transmission lines and battery storage through their joint venture, EnerGrid, as stated by IndiGrid CEO Harsh Shah.
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arnergy secures 18 million in series b funding to expand solar solutions
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Edfi Management Company N.V.
British International Investment plc
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04:12 15.04.2025
Indian fund collaborates with UK and Norway to enhance power grid
07:47 13.11.2024
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