10 Aug '18, 9pm

Odyssey Energy Seeks $500M to Build Out Pipeline of 550 Mini-Grids

Odyssey Energy Solutions, a Colorado-based renewable energy investment platform, is seeking $500 million for a pipeline of 550 mini-grids across Africa, Asia and Latin America. If funded, the projects could add up to 150 megawatts of solar capacity and 275,000 connections across 21 countries, including Cameroon, Cape Verde, the Democratic Republic of Congo, Ethiopia, Ghana, Haiti, India and Kenya, said Odyssey in a press release . Around 50 developers have listed projects on the Odyssey platform, with individual project values ranging from $40,000 to $3 million. To speed up the funding of these projects, Odyssey is looking to roll them into portfolio offerings and at the same time provide mini-grid structured financing facilities, said CEO and co-founder Emily McAteer. Odyssey will be announcing “a major financing facility” in Nigeria within the next month, she said. “Our ...

Full article: https://www.greentechmedia.com/articles/read/odyssey-ener...

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Odyssey Energy Seeks $500M to Build Out Pipeline of 550 Mini-Grids

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