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Shell and FMO to finance impact projects in Africa and India
The parties have signed a memorandum of understanding, agreeing to co-fund and co-create project opportunities in the energy access and clean energy sectors in the two regions, including investment in financial institutions with specific goals to increase access to finance, reduce inequality and promote green financing and agribusiness.
- Categories
- Agriculture, Energy, Investing
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Spiders, Butterfly Wings Inspire New Solutions for Urban Ag, Renewables
An international team based in New York City has developed a prototype product that mimics the way living systems capture, store and distribute water, which could be deployed to help meet growing demand for sustainable, local food production. Designed by NexLoop, the prototype has been awarded the $100,000 Ray C. Anderson Foundation Ray of Hope Prize in the 2017 Biomimicry Global Design Challenge, an international design competition and accelerator program that crowdsources nature-inspired climate change solutions for issues such as food systems, water management and alternative energy.
- Categories
- Agriculture, Energy, Technology
- Tags
- renewable energy
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Off-Grid Solar Firm PEG Africa completes US$13.5 million fundraise
PEG Africa, the leading off-grid solar company in West Africa, is pleased to announce it has successfully raised US$13.5 million through a combination of debt and a Series B equity financing. The proceeds will be used to accelerate growth in Ghana and Ivory Coast, where PEG is already a sector leader, to reach 500,000 people.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Big Oil is investing billions to gain foothold in clean energy
Oil majors more than doubled the number of acquisitions, project investments and venture capital stakes, to 44 in 2016 from 21 the year before, according to research published Tuesday by Bloomberg New Energy Finance. In the last 15 years, they’ve completed 428 transactions and spent $6.2 billion building stakes in clean energy companies.
- Categories
- Energy
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How Blockchain Is Transforming The Energy Industry
Today, a new technology, blockchain, is shaping the commodity market, making it more efficient with reduced transaction costs.
- Tags
- blockchain, digital finance, fintech
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This Blockchain-Based Energy Platform Is Building A Peer-To-Peer Grid
WePower is yet to launch, but its proposition is radical. On one side, it’s gathering together producers of renewable energy, including solar, wind and hydro plants. On the other, it’s signing up investors who pay upfront for the right to consume electricity generated by those plants.
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Press release: ENGIE Accelerates Its Development in the Off-Grid Energy Market by Joining Forces with Fenix, a Pioneer in Africa’s Solar Home System Market
ENGIE and Fenix announce that they have agreed on a transaction in which ENGIE will acquire 100% of Fenix International, a next generation energy company, offering Solar Home Systems (SHS) in Africa. Founded in 2009, Fenix employs over 350 people and has its main activities in Uganda where it is the leading SHS player with more than 140,000 customers.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Off-grid Solar set to triple in Africa
The IEA has found that the amount of power from solar grew by more than 50%, and has officially increased energy output globally at a faster rate than any other fuel. Off-grid solar will bring basic electricity services to almost 70 million more people in Asia and sub Saharan Africa
- Categories
- Energy
- Region
- Sub-Saharan Africa