Ignite Power, a leading distributed renewable energy (DRE) provider in Sub-Saharan Africa, has signed a Term Sheet with SEFE, an international energy company, for a carbon off-take transaction targeting carbon markets under Article 6. The facility is a key milestone in Ignite’s journey to connect 100 million people to clean, sustainable energy by 2030. This innovative transaction, which represents a significant advancement in climate finance and energy access, will drive the company’s expansion across both West and East Africa, where it is deploying off-grid solar systems to underserved and unserved communities.
This funding allows the company to improve end client affordability, and scale more rapidly across multiple countries. By receiving payments in hard currency, Ignite Power also mitigates the financial risks associated with currency depreciation in local African markets, ensuring a stable revenue stream as operations expand.
