EDF Acquires Interest in Kenya’s SunCulture
EDF invests in convertible bonds that would convert into 20%-30% of equity in Kenyan startup SunCulture, the French company says in an emailed statement.
* SunCulture develops affordable solar-powered water pumps, irrigation systems for small-holder farmers
* EDF will help SunCulture with large-scale roll out in Kenya, will help in West Africa
* EDF will set up financing arrangements to help farmers finance solar-powered pumping systems.