Article length: 196 words
Nigeria: EDP invests in Rensource
EDP Renováveis, the renewable energy arm of Portugal’s state power utility, announced on 23 December that it would invest $3m in decentralised solar system supplier Rensource Energy to support its expansion in Nigeria. The investment, which was the result of a financing initiative in partnership with international investors such as CRE Venture Capital, Omidyar Network, Inspired Evolution, Proparco, I&P, SIN Capital and Yuzuru Honda, will allow EDP Renováveis to participate in Africa’s largest market.
Credit value: 1