Havenhill Synergy Limited, a Nigerian cleantech startup, has raised $4.6 million from Chapel Hill Denham Nigeria Infrastructure Debt Fund (NDIF) to help develop 22 smart solar mini-grids in Nigeria.
Havenhill, founded in 2010 by CEO Olusegun Odunaiya, focuses on using mini-grids to increase access to electricity in rural areas.
Renewable energy facilities are also available for companies in Nigeria’s manufacturing and commercial hubs.
Havenhill’s solar mini-grid solution is projected to provide renewable and affordable electricity to up to 70,000 people in different communities.
Havenhill’s financing was completed from the fund’s recently completed Series-7 capital raise.
Which included participation from the African Development Bank, according to NIDF CEO Anshul Rai.
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