PowerGen Renewable Energy

PowerGen Renewable Energy, based in Kenya, focuses on providing sustainable electricity through innovative microgrid solutions and solar services, targeting energy access in underserved communities and businesses across Africa. Founded in 2011 and headquartered in Nairobi, Kenya, PowerGen Renewable Energy specializes in developing renewable energy solutions. The company has completed three deals with its most recent funding round being Series C, where it raised USD 50. 00 mn in January 2025.

Alastair Smith is the founder, while Aaron Cheng serves as CEO. PowerGen Renewable Energy specializes in providing clean, reliable, and affordable electricity through its innovative microgrid solutions and commercial and industrial (C&I) solar services. These offerings are designed to address energy access challenges in various regions across Africa, specifically targeting underserved communities and businesses. The company focuses on developing scalable renewable energy platforms, with a targeted deployment of 120 MW of renewable power solutions.

PowerGen's microgrids are capable of delivering 24/7 power and incorporate a "full stack" solution that includes generation, distribution, and smart metering technologies. Their client base primarily consists of governments, utilities, and commercial entities, with operations extending across multiple African countries, including but not limited to Kenya, Sierra Leone, Nigeria, and the Democratic Republic of the Congo. PowerGen Renewable Energy’s revenue model is centered around providing energy solutions with zero upfront investments required from partners, enabling a seamless transition to renewable power. The company generates income through structured partnerships with governments and commercial enterprises, facilitating energy savings and stable power supply solutions.

Typical transactions involve long-term contracts where clients access energy services, often framed as a subscription model, ensuring consistent revenue flows. The company positions itself as a trusted partner, particularly in its C&I solar segment, where energy cost savings can reach up to 30%. By delivering these comprehensive energy solutions, PowerGen reinforces its commitment to transforming lives through smarter power while maintaining a sustainable business approach. In January 2025, PowerGen Renewable Energy raised USD 50.

00 mn in Series C funding, which will be utilized to deploy 120 MW of renewable energy infrastructure across Africa. The company aims to expand its product offerings and enhance its microgrid solutions while targeting new markets across the continent. This expansion will focus on regions with significant energy access challenges, aligning with the company’s strategic goal to address energy needs in underserved areas.