Release by Scatec secures $100m loan, guarantee from the IFC

Modular solar photovoltaic and battery energy storage offering Release by Scatec has signed a $100-million loan agreement with the International Finance Corporation (IFC), as part of a larger partnership to provide a simpler, more affordable, and cleaner offering of power to African utilities. The loan also includes a $65-million guarantee facility to support the payment obligations of Release’s customers.