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Nuru SASU (Nuru), the company behind Democratic Republic of the Congo (DRC)’s first solar PV metrogrid, is on track to build 13.7MWp of isolated solar-hybrid grids by mid-2024 after securing an initial USD1.5 million from investors in a convertible note round ahead of the close of its Series B funding round.

Proparco, Camco-managed Renewable Energy Performance Platform (REPP) and E3 Capital have each decided to invest USD500k in Nuru, bridging a financing gap to bolster the company’s USD 25 million Series B equity fundraise. The residual funds will be invested by an impress