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EDF Energy

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Investing in leading solar microgrid developer and SET100 member, Standard Microgrid

Exciting SET100 News: Longlisted in the 2021 SET100 list, Standard Microgrid, a leading #solar microgrid developer, recently secured an equity investment from EDF, a global leader in low-carbon energy. ๐Ÿฅ This move cements Standard Microgridโ€™s leadership position in off-grid electrification as it marks the EDP Groupโ€™s very first investment in a #microgrid operator. The funding will help the scale-up expand its operations in Zambia and achieve its mission to serve clean, low-carbon reliable power to more than 130,000 Zambians from underserved communities that lack access to electricity. ๐ŸŒ โšก๏ธ Whatโ€™s unique about Standard Microgrid? The scale-up has been one of the pioneers of Africaโ€™s micro-grid sector, using an innovative โ€œenergy-as-a-serviceโ€ model to provide clean 24/7 power to rural customers, without requiring diesel back-up or the use of fossil fuels. The company currently serves power to more than 7,000 in Zambia across 11 microgrids and is busy scaling a 150-microgrid portfolio.
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๐Ÿ“Œ Read more about their latest funding in the official press release ๐Ÿ‘‰
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Image Source: via intersolar Europe web (ยฉSebastian Noethlichs_Solarkraftwerk in Afrika / Shutterstock)

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