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ZOLA secures $20 million debt funding for off-grid solar expansion

Anand Gupta
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ZOLA secures $20 million debt funding for off-grid solar expansion
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ImpactAlpha: Tanzania-based ZOLA Electric (formerly Off Grid Electric) secured $5 million from solar-business lender SunFunder, while an unnamed family office committed $15 million. ZOLA will use the funds to deliver off-grid energy to 25,000 new customers and improve energy access for 500,000 households by 2021. ZOLA launched in 2011 as Off Grid Electric to connect […]
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