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Power Africa Enlists 27 Investors

Linda Hardesty

The US government formally launched a framework under its Power Africa initiative to increase energy access across sub-Saharan Africa. Over an initial five-year period, Beyond the Grid will leverage partnerships with 27 investors and practitioners committed to invest over $1 billion into off-grid and small-scale solutions for this underserved market. These private sector commitments will help Power Africa provide access to 20 million new electricity connections for households and commercial entities.

The founding partners of Beyond the Grid include:

  1. Acumen Fund
  2. Bamboo Finance
  3. BBOXX
  4. Capricorn Investment Group
  5. CrossBoundary
  6. d.light
  7. Embark Energy
  8. Energiya Global
  9. Fenix International
  10. Global Off-Grid Lighting Association
  11. Gray Ghost Ventures
  12. Invested Development
  13. Khosla Impact
  14. LGT Venture Philanthropy
  15. Liberia Energy Network
  16. Low Carbon Enterprise Fund
  17. Mosaic
  18. Off Grid Electric
  19. Persistent Energy Partners
  20. Powerhive
  21. Schneider Electric
  22. Shell Foundation
  23. Solar Sister
  24. SunFunder
  25. Tony Elumelu Foundation
  26. United Nations Foundation
  27. Virunga Power

Power Africa was launched by President Obama in June 2013.



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