April 15

African Cleantech Deals Stand Over Regular VC Funding Like A Familiar Solar Tower

By Andrew Christian

Africa has all the makings of the world’s cleanest economic revolution. By leveraging renewable energy sources to brighten an extensive stretch of urbanization, the continent’s sunshine is not entirely going to waste.

Even though the installations so far are less than half of what’s in place in the UK, cleantech is playing a significant role is supporting the region’s double-swelling populace.

According to the International Energy Agency, renewables form part of what will make industrialization in Africa a reality, over the next two decades.

In a report released last November, the agency predicted a sun-enabled boom in countries across the continent. This forecast could provide hundreds of millions of African homes with clean electricity for the first time.

Photo courtesy of Sameer Halai.

Source: WeeTracker (link opens in a new window)

renewable energy, venture capital