Individuals
Businesses
Company
Intelligence
News
African Capital Markets
EnglishEnglish
share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram

Renewvia Plans $750M Solar Mini-Grid Expansion in Africa

Daba Finance/Renewvia Plans $750M Solar Mini-Grid Expansion in Africa
BREAKING NEWSMay 13, 2026 at 10:07 AM UTC

TLDR

  • Renewvia Energy Corp. plans $750 million expansion into Uganda, Rwanda, Ethiopia, and the DRC for 2.1 million electricity connections in Africa.
  • Seeking $45 million for Kakuma and Dadaab projects to increase electricity access in refugee settlements fivefold, aiding over 550,000 people.
  • Mini-grids key to closing Africa's energy gap; crucial for rural areas, businesses, schools, clinics, farms, and refugee settlements, needing financing support for sustainable implementation.

Renewvia Energy Corp. plans to expand its solar-powered mini-grid business into Uganda, Rwanda, Ethiopia and the Democratic Republic of Congo, as private companies move to close Africa’s electricity access gap.

The Atlanta-based company expects the expansion to require about $750 million and deliver about 2.1 million electricity connections. Renewvia Solar Africa Chief Executive Officer Trey Jarrard said the company has already set up local entities in the 4 target markets to support early project development.

Renewvia already operates 24 commercial mini-grids in Kenya and Nigeria, with systems ranging from 100 kilowatts to 2.5 megawatts. Its clients include rural communities, commercial users, Shell, UBA Bank and UNHCR.

The company is also seeking $45 million in concessional financing to expand a metro-grid in Kakuma and develop a renewable energy plant in Dadaab, 2 of the world’s largest refugee settlements. The projects could increase electricity access in the settlements fivefold and reach more than 550,000 people.

The plan comes as nearly 600 million people in Sub-Saharan Africa still lack access to electricity. The World Bank and African Development Bank-backed Mission 300 initiative aims to connect 300 million people to power by 2030. Renewvia’s expansion shows how mini-grids could become a larger part of that effort, especially in rural areas, border towns and settlements where national grids remain limited.

Key Takeaways

Renewvia’s plan shows why mini-grids are becoming central to Africa’s power story. Extending national grids to every rural area is costly and slow, especially in countries with large territories, weak utilities and dispersed communities. Solar mini-grids can serve places that are far from the grid, while also powering businesses, schools, clinics, farms and refugee settlements. The model still depends on financing. Many customers need affordable tariffs, and companies need long-term capital to build systems before revenue starts. That is why concessional loans, guarantees and support from development institutions matter. The market opportunity is large, but execution will be hard. Companies must manage regulation, land access, payment collection, equipment costs and currency risk across several countries. Still, the direction is clear. Africa’s energy gap cannot be closed by public utilities alone. Private operators, development banks and governments will need to work together. Renewvia’s $750 million target is one example of how capital is moving toward distributed power as a practical way to connect people faster.

Business

Think someone else should see this?

share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram
Stay informed with our newsletters read by 25,000+ professionals worldwide
Newsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companies

Next Frontier

Stay up to date on major news and events in African markets. Delivered weekly.

Pulse54

UDeep-dives into what’s old and new in Africa’s investment landscape. Delivered twice monthly.

Events

Sign up to stay informed about our regular webinars, product launches, and exhibitions.

+25k investors have already subscribed

To invest in this opportunity and other opportunities across Africa

Download the daba finance app on your mobile through
appstore iconappstore icon
Phone Image

Take action.

Download app

Start investing in Africa’s best opportunities, including stocks, bonds, startups, venture funds, and more.

Partner with us

Unlock exciting business opportunities and growth potential.

Join Daba

Become a part of our vibrant community and enjoy exclusive benefits.

Contact us

Reach out to us for inquiries, support, or collaboration.
For Investor
StrategiesPortfolio ManagementAfrican Capital MarketsNews
Daba Pro Intelligence
Daba  Academy
For Capital Seekers
For StartupsFor Fund ManagersFor Private CompaniesFor Lenders
For Partners
Commercial BanksBroker DealersAsset ManagersInvestment BanksInvestment Advisors and ConsultantsLenders and Microfinance
Company
About UsMarket UpdatesEventsBlog and PodcastNewsletterCase StudiesAffiliate ProgramInvesting GlossaryOfficial ContactsTrust, Compliance and SecurityFrequently Asked Questions

Terms & ConditionsPrivacy Policy
EnglishEnglish

Owned by Daba Markets Inc. By using this site, you accept our Terms and Conditions and Privacy Policy. © 2024 All rights reserved. 2026 All rights reserved