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Kingo Energy

Sector: Power Generation (CCGT) • Location: Regional

Source: Inter-American Development Bank (IADB)

Project
Repaid

Ignite Holding Company Inc (“Kingo Energy” or the “Company”) is a prepaid distributed renewable energy provider to off-grid consumers in Latin America. Currently, the Company has 57,000 clients in Guatemala and Colombia and plans to expand its operation reaching 330,000 customers by year 2022. The Company’s global plan is to reach 1,000,000 customers by 2030 across 5 different markets.The Company

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The project “Kingo Energy” is an infrastructure initiative in the Power Generation (CCGT) sector, located in Regional. Taiyo aggregates data on it from Inter-American Development Bank (IADB).

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Description

Description

Ignite Holding Company Inc (“Kingo Energy” or the “Company”) is a prepaid distributed renewable energy provider to off-grid consumers in Latin America. Currently, the Company has 57,000 clients in Guatemala and Colombia and plans to expand its operation reaching 330,000 customers by year 2022. The Company’s global plan is to reach 1,000,000 customers by 2030 across 5 different markets.The Company is structuring a private placement of its Series C convertible preferred shares for the expansion of the Company’s integrated energy distribution business, IDB Invest is considering a participation in the transaction in an amount of approximately five million United States dollars (US$ 5,000,000) with the participation of the Clean Technology Fund (“CTF”).

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High

Data quality score

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URL

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