Ugandan renewable energy company Sawa Energy has successfully secured EUR 2.5 million (approximately US$2.9 million) in equity investment from the EU-backed Electrification Financing Initiative (ElectriFI). The funding is aimed at accelerating access to renewable energy for commercial and industrial clients across Uganda and Rwanda while helping replace reliance on diesel generators.
Founded in 2021, Sawa Energy is a leading renewable energy group operating in East Africa, with a focus on providing fully-financed, customized solar PV systems and energy storage solutions. The company’s mission is to drive the transition toward clean energy by enabling businesses to access reliable, affordable, and environmentally sustainable power.
Sawa Energy’s business model centers on long-term contracts, spanning 10 to 25 years, that are offered at discounted rates compared to traditional grid tariffs. This approach ensures clients benefit from stable and predictable energy costs while gaining access to clean electricity. In addition, the company provides comprehensive operations and maintenance services, ensuring that its solar and storage systems perform optimally throughout the contract period.
ElectriFI, the EU-funded Electrification Financing Initiative, has allocated this EUR 2.5 million investment through its Uganda Country Window. The funding is intended to catalyze the expansion of Sawa Energy’s solar PV and Backup Energy Storage Solutions (BESS) across Uganda and Rwanda. By providing a robust financial foundation, the investment is designed to unlock an efficient capital structure, attracting additional institutional lenders and investors to support the company’s ambitious growth strategy.
“This partnership with ElectriFI is a key milestone for Sawa Energy,” said Samuel Kaufman, CEO and co-founder. “Our mission has always been to make clean and affordable energy accessible to businesses across East Africa. With this investment, we can expand our impact, helping more companies reduce emissions, lower energy costs, and improve productivity. We are committed to building a sustainable model that benefits not only our clients and investors but also the communities in which we operate.”
Rodrigo Madrazo, CEO of the EDFI Management Company, added, “Supporting Sawa Energy’s expansion in Uganda and Rwanda accelerates the transition from polluting diesel generators to reliable, affordable solar power. This investment will create lasting economic and environmental benefits, strengthening sustainable energy infrastructure across the region and empowering businesses to thrive with cleaner energy solutions.”
With this equity injection, Sawa Energy is well-positioned to scale its renewable energy portfolio, providing more commercial and industrial clients across East Africa with cost-effective and sustainable electricity while contributing to the region’s broader climate and economic goals.
