RVE.SOL: RVE.SOL Accelerates Solar Minigrid Scaleup Plans After Signing Deals with Acumen and Vulcan Inc.

The patented KUDURA multi-utility approach from RVE.SOL is a unique opportunity to shift the African decentralized energy market and impact rural development in ways that simple energy access cannot.Boa Vista, Portugal, January 23, 2020 --(PR.com)-- KUDURA Power East Africa, Acumen Nairobi, Egis Paris - RVE.SOL Portugal today announced Acumen's equity investment as well as the acquisition from Vulcan Inc. of a portfolio of sites in Kenya. These deals follow on from EGIS Projects SA Series A investment, who partook in this round with of a follow-on project CAPEX funding facility. By the end of 2020, the social entrepreneurship will serve and empower over 45,000 previously unserved people through their KUDURA universal basic multi-utility approach.As a leading Sub-Saharan mini-grid operator active in East Africa and an ambitious project portfolio across multiple African countries, the company aims to become the preferred minigrid investment platform, bridging international investors and local developers with bankable, sustainable projects. The company's focus on customer experience and productive energy uses has been essential to their success in rural areas. In a multi-utility, mini-grid context, these elements increase ROI, reduce risk, secure investment returns and enable a development outcome shift.RVE.SOL represents to Acumen a unique investment opportunity and is a natural extension of its recent public commitment to mini-grids as a promising least-cost solution for rural customers living off the grid, highlighted in the publication entitled, "Unlocking Private Capital for Mini-Grids in Africa."Dennis Onyango, PEII Investment Lead for Acumen East Africa."Acumen is honoured to partner with RVE.SOL, a company who is changing the way the world tackles poverty. It's subsidiary, KUDURA Power East Africa (KPEA) has demonstrated long-term commitment to providing first time access of grid-quality power to the last-mile, low-income, off-grid households and businesses in Kenya. In addition, the Company's goal of addressing rural economies' ...Full story available on Benzinga.com