Pay-As-You-Go Solar Companies Spread Light Across Africa

Just nine months after pay-as-you-go (PAYG) off-grid solar company PEG announced that it had raised $3.2 million to expand its presence in Ghana, today the company announced that it has raised an additional $4.3 million to continue that expansion.

Paris-based Energy Access Venture (EAV) invested $2 million in the latest round, joining Blue Haven Initiative. Existing investors Engie Rassembleurs d’Energie and Investisseurs & Partenaires also participated in the round.  The funding will be used to expand operations in Ghana, build out the management team, and to enter Ivory Coast.