Sun King secures $156M for off-grid solar expansion, with Stanbic, Absa, KCB, and Co-op Bank backing green energy financing in East Africa.
Sun King, a global leader in off-grid solar energy, has raised $156 million in new funding to boost clean energy access for underserved households. The financing round saw strong participation from leading Kenyan banks including Stanbic Bank Kenya, Absa Bank Kenya, KCB, and The Co-operative Bank of Kenya.
The funds will support the expansion of Sun King’s pay-as-you-go (PAYG) solar home systems and smartphones. These products allow low-income households to access solar power and mobile connectivity through small, affordable installments.
Sun King’s CEO and co-founder T. Patrick Walsh welcomed the partnership with Kenyan banks, saying:
“This investment allows us to bring reliable solar power to more families across Africa. It shows that local banks trust the potential of renewable energy to transform lives.”
The investment also reflects a growing trend in green financing, as African banks increasingly fund sustainable energy solutions aligned with national and global climate goals. The deal supports Kenya’s commitments under Vision 2030 and the Sustainable Energy for All (SEforALL) initiative.
To date, Sun King has raised over $500 million and reached more than 100 million users across 40+ countries, including Kenya, Uganda, Nigeria, and India.
This latest round of capital marks a major milestone, not only for Sun King, but for the rising influence of local banks in powering Africa’s energy future.
