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Understanding COVID-19’s Impact on PAYGo Solar: Data From a Pioneering Study Reveals Key Insights About the Sector’s Financial Sustainability
The COVID-19 pandemic has had an unprecedented impact on PAYGo solar, causing up to 23 million people and 600,000 enterprises to miss out on improved energy access. Drew Corbyn at GOGLA, Bill Gallery at IFC and Roan Borst at Triple Jump share the results of a first-of-its-kind study that measured the impact of the crisis on the sector’s financial performance, based on data collected from 13 PAYGo solar companies. They discuss what these findings mean for the industry as it works to emerge from the pandemic’s ongoing disruptions.
- Categories
- Coronavirus, Energy, Finance, Impact Assessment
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M-KOPA Raises $75 Million as It Clocks 2 Million Customers Across Four African Markets
A 2019 World Bank report says 85% of Africans live on less than $5.50 per day. A large percentage of these adults are unbanked and underbanked.
- Region
- Sub-Saharan Africa
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Shell Follows BP Out of Russia as Oil Companies Abandon Putin
The West is promising “massive” sanctions on Moscow in response to Russia’s invasion of Ukraine.
- Categories
- Energy
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US Funding USD $500 Million for Solar Panel Manufacturing in India
The Quad leaders have renewed their commitment to promote a free, open, rules-based order in the Indo-Pacific region, the White House said on Thursday, while emphasising that the US is funding USD 500 million to help American companies manufacture solar panels in India.
- Region
- Asia Pacific
- Tags
- renewable energy
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Analysis: Why Didn’t the U.S. Cut off Russia From SWIFT? It’s Complicated.
Removing access to the financial messaging service would be the most severe penalty but could have unwanted consequences, including compromising energy exports to Europe.
- Categories
- Energy, Finance, Telecommunications
- Region
- Europe & Eurasia
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UK Pledges £10 Million for Energy Projects In Nigeria
The UK is providing up to £10 million of concessional aid to reduce the risk for pension and insurance funds to invest in energy access projects, and support Nigeria’s COP26 commitments.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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African Development Bank Group Commits $164 Million to Promote Renewable Energy In Nigeria, 5 Other Countries
Nigeria is among five other African countries that will benefit from the African Development Bank Group (AfDB) Leveraging Energy Access Finance Framework (LEAF).
- Categories
- Energy
- Region
- Sub-Saharan Africa
- Tags
- renewable energy, scale
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Husk Power Systems Secures Largest-Ever Debt Finance for Solar Microgrids in Rural India, Receiving $4 Million from IREDA to Construct 140 Microgrids
Husk Power Systems, the rural clean energy services leader in Africa and Asia and operator of the largest fleet of solar energy community microgrids in India, today announced the successful close of $4.2 million debt financing from the India Renewable Energy Development Agency (IREDA) Ltd.
- Categories
- Energy
- Region
- Global
- Tags
- rural development, scale, solar
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