Sawa Energy secures significant investment to drive renewable energy initiatives

Sawa Energy, a prominent provider of cost-effective energy efficiency solutions in East Africa, has garnered substantial investment to expedite its mission of transforming the energy sector in the region. Operating in Rwanda and Uganda, the company is addressing the critical issue of energy accessibility for small and medium businesses.

Established in 2021, Sawa Energy is dedicated to revolutionizing how businesses access power by eliminating upfront costs related to solar and energy-efficient solutions. This strategic initiative aims to make sustainable energy more reachable and economical, contributing to a greener and more sustainable future for East Africa.

Sawa Energy adopts a distinctive approach by constructing, owning, and operating solar systems for its clients, resulting in significant cost savings and mitigating electricity pricing volatility. The company aspires to become the largest private provider of solar power in East Africa by 2030, underscoring its commitment to promoting environmentally friendly practices.

Samuel Kaufman, CEO and co-founder of Sawa Energy, underscored the company’s broader objectives, expressing, “At Sawa Energy, our dedication is to establish a business that excels in three essential aspects — forming partnerships with East African companies, lowering emissions, and delivering substantial returns to our investors. We are steadfast in our commitment to creating a sustainable model that positively impacts all stakeholders.”

What distinguishes Sawa Energy is its dedication to removing financial and operational barriers to solar power adoption. The company offers integrated energy solutions to local businesses with no upfront cost and no operation and maintenance fees. This approach ensures a smooth and worry-free transition to cleaner and more affordable energy for its customers.

Blessing Layee-Maima Caine, Renew Capital’s Investment Manager for Rwanda, commended Sawa Energy’s transformative approach to sustainable energy solutions, saying, “Sawa Energy’s approach to affordable and sustainable energy solutions is transformative for East African SMEs. As a participant in the consortium, Renew Capital expresses pride in supporting Sawa Energy’s vision for a future where businesses can prosper in a sustainable and cost-effective manner.”

Renew Capital, a firm specializing in impact investment in Africa stands as a significant investor in Sawa Energy. The company actively supports founders focused on growth, possessing a unique combination of skills, determination, and passion. Renew Capital manages investments on behalf of the Renew Capital Angels, a global network of angel investors, foundations, and family offices seeking both financial returns and sustainable social impact.

With critical investments secured, Sawa Energy is well-positioned to play a pivotal role in transforming the energy landscape in East Africa, promoting economic growth, and encouraging sustainable business practices in the region.