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Bloomberg Philanthropies Commits $285 Million to Help Clean Energy Scale Fast Enough to Meet Surging Global Demand
As rising electricity use reshapes global energy markets, new support will help strengthen clean energy industries to power next era of global growth.
- Categories
- Energy
- Region
- Global
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UN Report Flags $800 Billion Climate Fund Gap in Asia-Pacific, Calls for Synergistic Action
The report titled ‘Asia-Pacific synergies report: Advancing synergistic solutions to the triple planetary crisis and the SDGs’ said that framing cooling as a health and safety issue strengthened political support and facilitated coordination across energy, urban, labour and social sectors.
- Categories
- Energy, Environment
- Region
- Global
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World Bank Backs Cambodia’s $115-Million Clean Energy Push, Flags Environmental Risks
The program will be implemented nationwide, covering both urban and rural areas, including Phnom Penh and the eastern provinces.
- Categories
- Energy
- Region
- South Asia
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Philippines Leads the World in Rush to Solar as Power Prices Soar
The rooftop solar rush has resulted in $407 million in panel imports in the three months through May, a 145% increase from a year earlier, according to trade data from China, which accounts for most global supply.
- Categories
- Energy
- Region
- South Asia
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African EV Platform Spiro Raises Another $55 Million
African electric mobility firm Spiro has raised another US$55 million from Chinese early-stage investor NewTrails Capital, three weeks after raising $215 million.
- Categories
- Energy, Technology, Transportation
- Region
- Sub-Saharan Africa
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D.light Takes PAYGo Solar From Impact Funds to the London Stock Exchange
The listing brings d.light’s cumulative PAYGo receivables purchasing capacity to $1 billion — a milestone that few in the off-grid energy sector thought achievable when the company pioneered the first-ever PAYGo securitisation back in 2020.
- Categories
- Energy, Investing, Technology
- Region
- Sub-Saharan Africa
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IFC Backs CrossBoundary Access with US $10 Million Equity Investment
This investment supports the continued construction and expansion of CrossBoundary Access’s portfolio of distributed renewable energy assets, including mini-grids, battery-as-a-service (BaaS), and adjacent technologies in Sub-Saharan Africa.
- Categories
- Energy, Investing, Technology
- Region
- Sub-Saharan Africa
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Zafiri Announces USD $176 Million Commercial Launch to Accelerate Energy Access via the Private Sector Cross sub-Saharan Africa
Zafiri will deploy patient equity into distributed renewable energy (DRE) companies and projects across Sub-Saharan Africa, including mini-grids, solar home systems, productive-use energy solutions, and clean cooking enterprises. At least 50% of the platform’s capital is expected to support mini-grids, solar home systems, and clean cooking.
- Region
- Sub-Saharan Africa
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