AFRICA: Gaia invests in Innovex for remote management of solar power plants
Summary
Innovex obtains funds to expand its cooperation with solar energy providers in Africa. However, Gaia believes that the funds injected into the company will be used to expand its digital services in the burgeoning solar energy market in Uganda and elsewhere in Africa. This has reduced overall downtime and improved the accessibility of solar systems and equipment,” says the Gaia Impact Fund. In a context marked by the democratisation of solar energy, Innovex’s “Remot” solution finds all its importance. Gaia Impact Fund estimates that its investment in the company, founded in 2016 by Douglas Baguma K and David Tusubira (photo), will extend the “Remot” technology to 100 solar energy distributors across Africa, providing access to solar energy to 3 million people by 2023.