SunCulture secures $10 million from Mirova to scale solar water pumps in Africa

Climate-tech company SunCulture and sustainable investment firm Mirova have finalized a $10 million securitization of receivables tied to productive-use solar irrigation systems. The transaction is structured to channel institutional capital into Africa’s climate-smart agriculture sector while creating a scalable, replicable financing blueprint for distributed energy assets across the continent. Transaction Structure and Capital Recycling The financial arrangement is anchored by a $10 million se