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Funding African Solutions to the Climate Crisis: Why Local Venture Capital Innovation Holds the Key to Climate Resilience
Africa contributes just 4% of global carbon emissions and faces the world’s most devastating climate impacts — yet it receives only 3.3% of global climate finance (as of 2021/22). Dotun Olowoporoku and Dolapo Morgan at Ventures Platform argue that this disparity presents an urgent need for locally-developed innovation driven by African venture capital. They explore how African VCs can leverage this opportunity to play a central role in the continent’s climate response.
- Categories
- Agriculture, Energy, Environment, Investing
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Longi Solar Europe Powers Latin America Energy Shift With Key Utility-Scale Alliance
"The initiative, developed in partnership with a leading global energy developer, leverages LONGi’s Hi-MO 9 modules to address complex energy challenges across sun-drenched and variable climates."
- Categories
- Energy
- Region
- Latin America
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ALTÉRRA, Brookfield Invest $100 Million in Indian Renewable Energy Platform Evren
ALTÉRRA was established in December 2023, with a $30 billion commitment from the UAE, and with a goal to mobilize $250 billion by 2030, aimed at driving private capital towards climate investments.
- Categories
- Energy, Technology
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Recycled Cooking Oil-Powered Cargo Ship Aces Test With Biodiesel Blend in Singapore
Testing alternative fuels on vessels chartered by Vale is part of a broader set of initiatives the mining company is undertaking to drive decarbonization in global maritime transport.
- Categories
- Energy, Technology
- Region
- Global
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Distributed Energy Is Driving Latin America’s Energy Transition
Consumers have become a central player in the region’s transition by generating their own clean energy and even selling it on the market.
- Categories
- Energy, Technology
- Region
- Latin America
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ENGIE Energy Access Tanzania to Receive EUR 1.3 Million of Results-Based Financing to Scale Up Access to Clean Cooking
The company is well known for its solar home systems in Tanzania, and it is well placed to expand its business to biodigesters.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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South Africa’s Zimi Secures $320,000 to Test Turning EVs Into Power Stations
"By integrating vehicle-to-grid (V2G) technology into this strategy, Zimi plans to offer fleet operators charging solutions and turn idle EVs into energy that can feed power back into their facilities or the grid."
- Categories
- Energy, Technology, Transportation
- Region
- Sub-Saharan Africa
- Tags
- e-mobility, renewable energy, solar
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B2B Industrial Solutions Provider Magma Raises $5 Million Series A Led by Capria Ventures
Magma enables factories to access high-quality customized raw materials, power their operations with green energy and biomaterial solutions, and manage waste responsibly by converting them into recyclable inputs.
- Region
- Asia Pacific
- Tags
- manufacturing, MSMEs, recycling, renewable energy, waste