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Shell-founded startup fund receives $13 million from Canadian DFI to accelerate clean energy access in Africa. This investment in Sun King marks an incredible inflection point for the global off-grid solar industry,” said Walsh. Sun King has previously raised $170 million in equity and debt funding.
The commitment is contained under the 24/7 Carbon-free Energy Compact , by leading energy buyers, suppliers, equipment manufacturers and governments, representing a global effort to accelerate the uptake of carbon-free electricity as a way of averting the perilous effects of climate change.
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