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Democratic Republic of Congo Announces $100 Million Solar-Hybrid Power Project
A consortium led by Gridworks and including Eranove and AEE Power, has signed three concession agreements with the Ministry of Hydraulic Resources and Electricity of the Democratic Republic of Congo (DRC) to develop, build and operate three large scale, solar-hybrid, off grid utilities.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Press Release: The Build Fund Makes Inaugural Investment in East African off-Grid Solar Energy Solutions Distributor
The BUILD Fund (BUILD), an impact fund created in partnership between Bamboo Capital Partners (Bamboo) and the United Nations Capital Development Fund (UNCDF), has made its inaugural investment, providing a USD500,000 working capital facility for Mwezi, a Kenyan distributor of solar products.
- Region
- Sub-Saharan Africa
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West Africa: $465 Million Approved for Regional Electricity Access
The World Bank Group has approved a regional electricity access project in West Africa for a total amount of $465 million.
- Region
- Sub-Saharan Africa
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COVID-19 Crisis Makes Electricity Too Costly for Millions in Africa and Asia
The pandemic's economic impact left at least 25 million people unable to pay for power in 2020, mainly in Africa, threatening progress towards access for all.
- Categories
- Coronavirus, Energy
- Region
- Global
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Press Release: Renewvia Energy Receives $1 Million Commitment from SIMA Fund to Electrify Communities in Rural Kenya
Social Investment Managers and Advisors LLC (SIMA), a new generation of impact investment manager, and Renewvia Energy Corporation, a global solar developer, today announced a partnership to electrify rural communities in Kenya underserved by conventional utilities.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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A Cutting Edge Solution to a Global Problem: Why PAYGO Electromagnetic Induction Stoves Will Become the Leading Clean Cooking Technology by 2030
Half of the global population lacks access to clean, modern cooking services, costing the world’s economy approximately $2.4 trillion each year due to the adverse impact of open-fire cooking on health, climate and gender equality. Lachlan Harris, lead engineer at ATEC*, explains why electromagnetic induction stoves are the best option to address this issue. He explores the advantages of this technology in terms of energy efficiency, safety and scalability — and discusses how a pay-as-you-go model can help solve the affordability challenge.
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IFC Providing $57 Million for Two Wind Projects in Vietnam
The International Finance Corporation (IFC) announced today it will provide USD 57 million (EUR 46.6m) in financing to the developer of two onshore wind projects in Vietnam.
- Categories
- Energy
- Region
- South Asia
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Scaling the Last-Mile Distribution Industry With Data-Driven Lending
Low-income consumers in emerging markets rely heavily on last-mile distributors (LMDs) for access to life-changing products, from smartphones to solar home systems. But as Erin Junio at Angaza explains, despite the critical role they play in the sale and distribution of these products, LMDs struggle to access the funding they need to scale. She explores the funding challenges these businesses face — and how data-driven innovations in lending are emerging to close this financing gap.
- Categories
- Energy, Entrepreneurship, Investing
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