The Overseas Private Investment Corporation (OPIC) has made an initial investment into SunFunder’s $85 million (~₹6.04 billion) Solar Energy Transformation Fund. The fund supports electricity access through the use of solar power in Sub-Saharan Africa and India.

The financing is part of a $25 million commitment of senior and junior debt that OPIC had entered back in September 2018. Mercom had reported then that the OPIC commitment would help catalyze other impact-focused investors to achieve a target fund size of $85 million.

Read full article here