SunFunder’s Solar Energy Transformation Fund receives $85M from OPIC
27 Feb 2019

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.

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