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Spiro Raises $215 Million as Race for Africa’s EV Market Heats Up
The round, backed by investors including Impact Fund Denmark and Equitane, comes four months after Spiro secured $50 million in debt financing and less than a year after a separate $100 million equity raise led by Afreximbank’s Fund for Export Development in Africa (FEDA).
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
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bPOWERd Expands into Nigeria with Solar Battery Rental Hubs
Originally launched in South Africa in 2025, bPOWERd said it facilitated 125,000 rentals within its first 12 months of operations.
- Categories
- Energy
- Region
- Sub-Saharan Africa
- Tags
- MSMEs, renewable energy, solar, startups
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African Development Bank and Government of Rwanda Launch $300 Million Energy Sector Results-Based Financing II Program Co-Financed With Aiib to Accelerate Universal Energy Access
The performance-based financing approach links disbursements to independently verified results to strengthen electricity transmission and distribution networks, improve grid reliability, and expand on-grid and off-grid connections among other targets.
- Region
- Sub-Saharan Africa
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Press Release: British International Investment Unveils $300 Million Platform to Accelerate Indian Renewable Power Generation
The new platform to be called North Star, is the first investment made through British Climate Partners, a £1.1 billion climate finance initiative launched by BII last month as part of its new five-year strategy.
- Categories
- Energy, Technology
- Region
- Asia Pacific
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Oikocredit Invests in Charm Impact’s Hummingbird One to Support Early-Stage Renewable Energy Companies in Africa
Oikocredit invests in Hummingbird One, a blended finance vehicle supporting early-stage renewable energy companies in Sub-Saharan Africa.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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Global Energy Alliance and World Bank Group Partner to Expand Productive Use of Energy Across Africa
As access expands, the next challenge is ensuring that electricity supports livelihoods and economic activity across households, businesses and communities.
- Categories
- Energy
- Region
- Global
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The Rockefeller Foundation and Temasek Trust Announce Global Coalition for Nuclear Philanthropy
GCNP aims to mobilize and coordinate philanthropic capital to accelerate efficient, safe, secure, and equitable nuclear energy deployment globally — 0.1%-0.2% of climate philanthropy currently goes towards it.
- Region
- South Asia
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Selling the Outcome, Not Just the Appliance: What the Clean Cooling Sector Can Learn from Clean Cooking
The demand for cooling solutions will more than triple by 2050 — and based on current technologies and strategies, this increase will almost double cooling-related greenhouse gas emissions, worsening the very crisis that's driving this growth. Colm Fay, Ekta Jhaveri and Rajat Chabba at the William Davidson Institute (WDI) explore how sustainable cooling solutions could meet this rising demand, while cutting emissions by nearly two-thirds. To achieve that ambitious goal, they argue that the clean cooling sector should leverage the experience of the off-grid solar and clean cooking industries. They share insights from a new WDI report that highlights what clean cooling can learn from both the successes — and the flawed assumptions — of these sectors.
- Categories
- Energy
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