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Sawa Energy, an renewable energy company operating in Uganda and Rwanda, has raised EUR 2.5 million (US$2.8 Million) equity investment for expansion.
The raise, from ElectriFI, the EU-funded Electrification Financing Initiative managed by EDFI Management Company, will help the firm catalyse the expansion of solar photovoltaic (PV) and Backup Energy Storage Solutions (BESS) for commercial and industrial (C&I) clients across Uganda.
H.E. Jan Sadek, Ambassador of the EU Delegation to Uganda: The European Union, through the ElectriFI initiative, is proud to support Sawa Energys mission to deliver sustainable and affordable solar energy solutions in Uganda. This investment not only underscores our commitment to promoting renewable energy in East Africa but also highlights our dedication to empowering local enterprises, reducing carbon emissions, and driving industrialisation growth in the country
Founded in 2021, Sawa Energy finances, builds, and operates solar and battery projects tailored to the unique consumption needs of businesses. By offering long-term contracts (10-25 years) at discounted rates compared to traditional grid tariffs, Sawa Energy enables clients to access reliable, affordable, and clean electricity. The company also provides comprehensive operations and maintenance services to ensure optimal system performance throughout the contract duration.
Rodrigo Madrazo, CEO of EDFI Management Company stated: By supporting Sawa Energys 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.
The equity funding from ElectriFI is designed to unlock an efficient capital structure, attracting additional institutional lenders and investors to support Sawa Energys ambitious growth plans in Uganda. This investment will enable Sawa Energy to scale its portfolio, replacing polluting diesel generators with sustainable solar and battery solutions and delivering significant environmental and economic benefits.
Sawa Energys services help businesses decrease reliance on unstable grid infrastructure, minimize production losses caused by power outages, thus improving productivity, and support business growth and profitability by providing reliable power supply.
ElectriFIs commitment underscores the EUs dedication to propelling clean energy access and championing private sector-driven climate action in Africa. This effort aligns seamlessly with the Africa-EU Green Energy Initiative, a cornerstone of the EUs Global Gateway Africa-EU Investment Package.
At Sawa Energy, our mission is to make clean, affordable energy accessible for businesses across East Africa,” said Samuel Kaufman, CEO and Co-founder, Sawa Energy. “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.
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https://techmoran.com/2025/11/04/sawa-energy-raises-2-8-million-to-expand-affordable-solar-energy-solutions-in-uganda/
