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Paygo Solar Startup Yellow Raises $14 Million to Scale in Africa
Following the new funding, Yellow plans to deepen its reach in its current markets Malawi, Rwanda, Uganda, Zambia, and Madagascar.
- Region
- Sub-Saharan Africa
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Avoiding the Resource Curse: Challenges — And Progress — in Harnessing ‘Green Mineral’ Wealth for the Benefit of Developing Countries
The growth of renewable energy has led to skyrocketing demand for the “green minerals” used in constructing and powering clean energy technologies. But as Leslie Tsai at the Chandler Foundation explains, despite this demand, the countries that are rich in green minerals and other natural resources are often among the poorest in the world — a paradox often called the “resource curse.” She explores how businesses, governments and other key stakeholders can ensure that these countries benefit from their natural resource wealth.
- Categories
- Energy, Technology
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How Innovation Created an Off-Grid Solar Market in Rural Bangladesh — And What Other Countries Can Learn from this Model
In the early 2000s, a small-scale World Bank pilot project in Bangladesh unexpectedly grew into the largest off-grid solar program in the world. According to Nancy Wimmer at microSOLAR, the program's success provided the rest of the world with a model for how low- and middle-income countries can develop a nationwide, rural market for decentralized solar systems driven by home-grown companies. She explores how other countries can adapt Bangladesh’s market-creating innovations to their own local environments.
- Categories
- Energy, Technology
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Engine Maker Cummins to Invest $1 Billion in India
Cummins Group plans to invest $1bn in India over the next decade and recruit 4,000 staff as it shifts from fossil fuel engines to hydrogen and green energy options.
- Categories
- Energy, Investing, Technology, Transportation
- Region
- Asia Pacific
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Solar Power Provider Seeks $100 Million for Nigeria Expansion
WATT Renewable Corp aims to raise as much as $100-million by the end of 2024 to expand its business of providing solar power.
- Categories
- Energy, Investing, Telecommunications
- Region
- Sub-Saharan Africa
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BlackRock Eyes $7 Billion for New Global Renewable Power Fund
The world's biggest asset manager BlackRock said it hopes to raise up to $7 billion for its fourth Global Renewable Power Fund as clients ramp up climate-friendly investments.
- Categories
- Energy, Technology
- Region
- Global
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Inter-American Development Bank Approves $400 Million Loan to Develop Chile’s Green Hydrogen Industry
Green hydrogen is made using renewable energy to split water by electrolysis, without producing greenhouse gases.
- Categories
- Energy, Environment, Investing
- Region
- Latin America
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Nigeria’s BUA Gets $500 Million Funding to Develop New Cement Lines
The funding would help the company part-finance and develop two new, energy-efficient cement production lines at its plant in Sokoto state.
- Categories
- Energy, Investing, Technology, WASH
- Region
- Sub-Saharan Africa
- Tags
- infrastructure, renewable energy, solar, waste