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Press Release: U.S. Government’s Power Madagascar to Bring Electricity to 5,200 Rural Homes and Businesses
The United States Government, through the United States Agency for International Development (USAID) and the Power Africa initiative, has awarded three companies in Madagascar a combined $1.2 million in grant funding to develop mini-grids that will bring electricity to more than 5,200 rural homes and businesses. These grants are part of the U.S. Government’s $3 million effort to increase energy production and electricity access in Madagascar.
- Categories
- Energy, Investing, Social Enterprise
- Region
- Sub-Saharan Africa
- Tags
- energy access, solar
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1.9 Megawatt Solar-Plus-Storage Project for Nhimbe Fresh, Zimbabwe
Following the close of a $4 million Series A funding round in June, momentum continues with Sun Exchange's expansion into sub-Saharan Africa and a landmark solar-plus-storage project. This multiphase project will power Nhimbe Fresh, an agriculture leader in Marondera, Zimbabwe.
- Categories
- Agriculture, Energy
- Region
- Sub-Saharan Africa
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Emerging Markets Ripe for Climate Deals, but Come With Social Costs, Risks
There is huge need for financing climate-related projects in emerging markets, but the social costs and the lack of return are acting as deterrents to global lenders.
- Categories
- Energy, Environment
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Press Release: First-Ever Peace REC (P-REC) Transaction Drives Renewable Energy Development in Africa
The first-ever Peace Renewable Energy Credit (P-REC) transaction has been executed by Microsoft with Energy Peace Partners (EPP) and project developer Nuru. In the agreement, Microsoft is purchasing P-RECs issued by EPP from a new solar project in the Democratic Republic of the Congo (DRC), which will directly finance the installation of streetlights in a recently electrified neighborhood of Goma, the capital of North Kivu province. The streetlights are connected to the same solar-plus-storage system which generates the electricity associated with the P-RECs. The transaction was facilitated by renewable energy, transportation decarbonization, and climate solutions specialist 3Degrees.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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Press Release: CrossBoundary Energy Fully Exits First Fund at 15% Net Internal Rate of Return (IRR), Raises $40 Million To Continue To Scale Financed Solar for Businesses in Africa
CrossBoundary Energy (CBE) today announced the exit of its first fund at a 15% net IRR to investors. ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARCH ARPF) is providing $40M in new equity funding to exit initial investors and support CrossBoundary Energy to continue to develop, construct and operate distributed commercial & industrial (C&I) solar projects that will provide businesses across Africa with access to cheaper, cleaner power.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Solar Fridges and Powdered Vaccines: How To Get a COVID-19 Vaccine To the Developing World
UNICEF is building a global network of fridges and cold rooms—the cold chain—to make sure a vaccine stays effective as it’s transported to rural communities off the grid.
- Categories
- Coronavirus, Energy, Technology
- Region
- Sub-Saharan Africa
- Tags
- supply chains, vaccines
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Crypto-Enabled Sun Exchange Expands in Africa With Solar-Plus-Storage Project for Nhimbe Fresh
Sun Exchange, the world’s first peer-to-peer solar leasing platform, has announced its expansion into sub-Saharan Africa with the launch of the crowdsale for Phase 1 of a multiphase 1.9 megawatt (MW) solar-plus-storage project for Nhimbe Fresh, a premier exporter of fresh produce in Marondera, Zimbabwe. This will be the largest Sun Exchange solar installation to date and the first outside South Africa.
- Categories
- Agriculture, Energy
- Region
- Sub-Saharan Africa
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Press Release: Bamboo Capital Partners, the Government of Madagascar and the World Bank Partner To Launch USD$40 Million Energy Access Fund for Madagascar
Bamboo Capital Partners (‘Bamboo’), the impact investing platform, has been appointed by the Government of Madagascar and the World Bank as the international fund manager for the Off-Grid Market Development Fund (‘OMDF’ or ‘the Fund’), a USD$40 million renewable energy access fund.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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