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Nepal’s Largest Solar Project Gets $200 Million Impact Investment
The Investment Board of Nepal (IBN) has approved foreign investment of $200 million for the development of a 170 megawatt solar power plant, the largest-ever solar project in Nepal. It is the first phase of a project to build solar plants with a total installed capacity of 850 megawatt in Nepal.
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- Energy
- Region
- North Africa & Near East
- Tags
- impact investing
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Rich countries pushing ‘dirty energy’ in Africa, report claims
Study finds that while wealthy nations advocate renewables at home, 60% of aid to African energy projects went on fossil fuels.
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- Energy
- Region
- Sub-Saharan Africa
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New financial instrument to make Brazilian cities more energy efficient
A new financial instrument will allow Brazil to increase its investment in urban infrastructure and make the country more energy efficient. The Financial Instruments for Brazil Energy Efficient Cities – FinBRAZEEC will catalyze resources from the private sector and climate funds to create new markets in the areas of efficient street lighting and industrial energy efficiency.
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- Energy
- Region
- Latin America
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Press release: Solar brings economic boost to East African households
The report, ‘Powering Opportunity: The Economic Impact of Off-grid Solar’ provides data demonstrating the economic benefits of off-grid solar power in the developing world. The findings show that nearly 60% of off-grid solar owners undertake more work and enterprise within just three months of using a solar home system.
- Source
- Press release
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Mini-grids could be a boon to poor people in Africa and Asia
Vijay Bhaskar of Mlinda says a big mistake in development has been to assume that, once people are hooked up to electricity, businesses will automatically flourish. People have to be taught how to make the most of power, he says. “Bringing energy is the easy part. The hard part is finding productive ways to make use of it.”
- Categories
- Energy
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Press release: OPIC and U.S. Department of Energy Announce “Partnership to Power the Americas”
OPIC, the U.S. government’s development finance institution, announced a commitment to mobilize $1 billion in investment in Mexico’s energy sector over the next three years, to help strengthen energy reserves, with expansion throughout Latin America. In addition, the Department of Energy will identify regions and sectors throughout Latin America that present opportunities for U.S. energy companies and OPIC will assist those companies by providing financing and insurance when it is unavailable from the private sector.
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- Energy
- Region
- North America
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Powering the World’s Poorer Economies: A Response to Bill Gates and Jigar Shah
Microsoft founder Bill Gates and SunEdison founder Jigar Shah have clashed in a heated debate over the best way to provide energy access to the world’s poor.
- Categories
- Energy
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TPG Growth’s Rise Fund invests $70 mn in Fourth Partner Energy
Fourth Partner Energy will use the funding to accelerate its growth through the RESCO (renewable energy service company) model