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Press Release: D.light and Chapel Hill Denham Close $7.4 Million in Securitized Financing to Fund Off-Grid Solar Expansion in Nigeria
A new financing facility provided by the Nigeria Infrastructure Debt Fund (NIDF) will open up access to affordable clean energy in Nigeria.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Arnergy, Which Provides Solar Power Systems to Homes and Businesses in Nigeria, Raises $3 Million
Arnergy was launched as a provider of sustainable energy services intended to deliver clean and reliable energy for businesses or homes.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Reimagining Enterprise Support and Advisory Services for Energy SMEs: Five Principles for Boosting their Impact in the Global South
Over 675 million people still lack access to electricity (as of 2021) — over 80% of whom live in sub-Saharan Africa. As Godfrey Simiyu Katiambo at Mercy Corps Energy4Impact explains, bridging this energy gap in an equitable, sustainable manner will require not only a massive increase in funding, but also targeted support for the small-and-medium enterprises (SMEs) that are advancing clean energy access in underserved communities. He explores the growing need for enterprise support and technical and business advisory services that cater to these SMEs' unique challenges, and proposes five ways to boost the impact of these services.
- Categories
- Energy, Environment
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World Bank Allocates Nearly $300 Million to Support Renewable Energy Projects in Eastern and Southern Africa through Partnership with TDB
This platform aims to facilitate electricity access for up to 5 million people, clean cooking access for up to 1 million people, and add up to 35MW of energy capacity to the region.
- Region
- Sub-Saharan Africa
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Beyond Illumination: An Off-Grid Energy Provider in Indonesia Innovates to Maximize the Impact of Solar Home Systems
Indonesia, a vast archipelago of 18,000 scattered islands, faces unique energy access challenges. Hanko Scheffers at All Solar World discusses the obstacles to rural electrification in the country, and explores how All Solar World has addressed them through its unique take on solar home systems (SHS). He explains how the company has innovated on the technology itself (through features like Wi-Fi integration), while also optimizing its dissemination network and financing options, in an effort to maximize the reach and impact of SHS in rural communities.
- Categories
- Energy, Technology
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Securitization for Social Impact: Why It’s the Ideal Instrument for Scaling Social Enterprises Providing Consumer Financing in the Developing World
Economic uncertainty has led to a risk-averse approach from investors in recent years, forcing social enterprises and other businesses in developing countries to find alternative sources of finance. Ron Pfende at d.light shares an innovative solution to this challenge: securitization, the process of transforming a group of cash-generating assets into one investable security. He explains how d.light has leveraged this approach to finance its growth, and how securitization yields returns for businesses and investors alike.
- Categories
- Investing, Social Enterprise
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Sun King Secures USD $7 Million Boost From Lendable For Expanding Clean Energy Access In Africa
This collaboration between Sun King and Lendable stands as a testament to the shared vision of creating a more sustainable and inclusive energy future for Africa.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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£8 Million Awarded to LEIA to Boost Energy Access in Global South
It is estimated this additional funding will result in a reduction of approx. 500,000 tonnes of CO2 emissions.
- Region
- Sub-Saharan Africa