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Businesses in boxes: how solar is creating African entrepreneurs
Access to power is a major issue in Africa, and in solar, many people feel they have the solution.
Yet solar is doing more than switching on off-grid populations, and providing a potentially lucrative and investor friendly business opportunities to companies like M-KOPA Solar and BBOXX.- Categories
- Energy
- Region
- Sub-Saharan Africa
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This $118 million mutual fund pays companies in carbon credits
What does the growth of a smallholder milk farm in Kenya have to do with the success of institutional investor SAP? The Livelihoods Carbon Fund, a newly launched impact investment fund, ties global sustainable economic development to emissions reduction from Danone, SAP, Schneider Electric and five other corporations. Launched Dec. 11 — just before the International Climate Summit in Paris — the fund aims to reach about a $118 million investment in ecosystem restoration, agroforestry and renewable energy projects next year in Africa, Asia and Latin America, which will avoid or sequester up to 25 million tons of CO2 over 20 years.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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How low CSR in the clean energy sector is hurting India
India, the second most populous economy in the world, has clearly the most number of households without electricity. It is estimated that, till date, approximately 300 million people in India lack access to energy.
- Categories
- Energy
- Region
- South Asia
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Can renewable power offset bitcoin’s massive energy demands?
“You need cheap energy to fuel your hardware,” says HydroMiner’s co-founder and CEO Nadine Damblon. By setting up shop next to where the electricity is produced, the start-up is able to pay only 4 to 6 euro cents per kW, racking up over $300,000 in profits every month. “Hydropower is the best renewable energy we could find,” Damblon says.
- Categories
- Energy
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Wind is now the cheapest source of clean energy in India
The crash in tariffs comes at the heels of a recent announcement by the Narendra Modi government that resurrected the Indian wind power market after nearly a year of stagnation. The country’s power ministry announced a slew of guidelines for state electricity utilities that want to procure wind power from independent producers.
- Categories
- Energy
- Region
- South Asia
- Tags
- renewable energy
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Wind is now the cheapest source of clean energy in India
The crash in tariffs comes at the heels of a recent announcement by the Narendra Modi government that resurrected the Indian wind power market after nearly a year of stagnation. The country’s power ministry announced a slew of guidelines for state electricity utilities that want to procure wind power from independent producers.
- Categories
- Energy
- Region
- South Asia
- Tags
- renewable energy
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Press release: IEEE Awards $1.2 Million for Off-Grid Energy Entrepreneurs
IEEE, the world's largest technical professional organization advancing technology for humanity, announced that IEEE Smart Village (ISV) has granted $1.2 million in new funds for selected sustainable energy projects with a potential life-changing impact on up to seven million people around the world.
- Categories
- Energy, Technology
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The Pope Wants Vatican Startups to Fix Climate Change
A year ago, venture capitalists Stephen Forte of Fresco Capital Fund and Eric Harr of Imagine Ventures -- both based in California -- asked the Vatican to back a technology competition among startups addressing climate change, energy and managing resources.
- Categories
- Energy, Technology
- Region
- Europe & Eurasia
- Tags
- climate change