Renewvia Energy Corp. Plans $750 Million Solar Expansion in Africa to Address Energy Deficit
Renewvia Energy Corp., an Atlanta-based company, is set to expand its solar-powered mini-grid operations into Uganda, Rwanda, Ethiopia, and the Democratic Republic of Congo. This expansion is expected to require an investment of approximately $750 million and aims to provide around 2.1 million electricity connections. Sub-Saharan Africa is currently facing a significant energy deficit, with nearly 600 million people lacking access to electricity. Renewvia's expansion is part of a broader effort to address this issue, supported by initiatives like the World Bank and African Development Bank-backed Mission 300, which aims to connect 300 million Africans to electricity by 2030. Renewvia already operates 24 commercial mini-grids in Kenya and Nigeria, supplying electricity to rural communities and commercial clients.