As part of a drive to achieve carbon neutrality, Toyota Tsusho has invested in OFGEN, a solar solutions business centered in Kenya.
is a company that engages in solar power engineering, procurement, and construction , and is also in the power provision business for commercial and industrial businesses. OFGEN was founded in 2014 in Kenya and has since expanded its footprint to Uganda, Rwanda, and South Sudan. In that time, OFGEN has successfully built and financed over 30+ on-grid and off-grid solar plants with 10+ MWp solar capacity and 9.3MWh of battery energy across Kenya, Uganda, Rwanda, and South Sudan markets.
Based on the “With Africa For Africa” philosophy, the Toyota Tsusho Group seeks to grow with the people and communities of Africa, and aims to expand the use of renewable energy in order to deliver a better global environment to the children of the future. With this investment in OFGEN, the Toyota Tsusho Group will further accelerate the Group’s efforts to achieve carbon neutrality and contribute to the transition to a decarbonized society.
Later, several solar development companies started offering corporate PPAs and system lease agreements. Under these facilities, corporates could get grid-tied PV systems for no money down, and pay monthly lease fees for 10 to 20 years, structured in a way that they would offset their day time consumption at rates much cheaper per kWh than the utility tariff.
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