SunFunder has fully closed the oversubscribed $70 million Solar Energy Transformation (SET) Fund, following an investment by OeEB, the development bank of Austria.

OeEB joins other institutional, impact, foundation and individual investors in the blended finance vehicle focused on distributed solar and storage investments in Africa and Asia that help to mitigate climate change and improve energy access.

The SET Fund has received investments from Swedfund, Bank of America, Mercy ...