ElectriFI, the Electrification Financing Initiative managed by EDFI Management Company, has announced a €2.5 million equity investment in Sawa Energy, a fast-growing renewable energy company operating in Uganda and Rwanda. This strategic investment aims to support Sawa Energy’s mission to expand access to clean, reliable, and affordable electricity for businesses across East Africa.
Founded in 2021, Sawa Energy specializes in financing, constructing, and operating solar and battery storage systems tailored to the specific energy consumption needs of commercial and industrial clients. The company offers long-term energy service agreements ranging from 10 to 25 years, allowing businesses to transition away from costly and polluting diesel generators. In addition to system deployment, Sawa Energy provides comprehensive operations and maintenance services, ensuring optimal performance and reliability throughout the contract lifecycle.
Rodrigo Madrazo, CEO of EDFI Management Company, emphasized the broader impact of the investment:
By supporting Sawa Energy’s expansion in Uganda and Rwanda, we are helping to accelerate the transition from polluting diesel generators to reliable, affordable solar power for businesses, creating lasting economic and environmental benefits across the region.
Samuel Kaufman, CEO and co-founder of Sawa Energy, highlighted the significance of the partnership:
At Sawa Energy, our mission is to make clean, affordable energy accessible for businesses across East Africa. This partnership with ElectriFI enables us to scale our impact, helping more companies reduce emissions, lower energy costs, and improve productivity. We believe in building a sustainable model that benefits our clients, our team, our investors, and the entrepreneurs we serve.
This investment marks a significant milestone in the region’s clean energy transition, reinforcing the role of innovative private-sector solutions in driving inclusive and sustainable development.
