The Democratic Republic of Congo (DRC)-based energy company Nuru has raised US$40 million in equity funding as it works towards its goal of providing 24-hour power for five million people in the country. Founded in 2015, Nuru, which was previously known as Kivu Green Energy, deploys and operates renewable energy powered metrogrids in strategic urban zones of the DRC. The company’s utility-scale solar mini-grids are designed to provide 24/7 reliable and renewable energy to the communities in which they are installed. With a combination of solar power and batteries, the total generation capacity will be 13.7 megawatts. “Nuru extends its heartfelt appreciation to the consortium of investors for their visionary support and unwavering commitment to Nuru’s vision.

Source: The North Africa Journal July 06, 2023 06:31 UTC