Solar energy debt fund lands $10m investment from FMO

FMO has disclosed an approved investment of $10 million in the SIMA Commercial & Industrial Solar Green Bond fund.

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The Dutch development finance institution FMO has disclosed an approved investment of $10 million in the SIMA Commercial & Industrial Solar Green Bond (SIMA C&I) fund. The fund is managed by SIMA LLC.

With a $150 million target size, the fund will provide debt funding to SME energy services and construction companies in sub-Saharan Africa’s commercial and industrial (C&I) solar energy sector.

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