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An Under-Recognized Obstacle to Solar Access in Africa: The Impact of Foreign Exchange Risk — And How to Mitigate It
Solar energy businesses are rapidly gaining traction in Africa, driving economic growth, improving living standards and supporting the transition to a low-carbon future. But Yariv Cohen at Ignite Power highlights an under-recognized barrier facing the sector: foreign exchange risks. He explores the impacts that volatile exchange rates can have on two common types of solar projects in Africa, and shares some of the strategies that have emerged to mitigate these risks.
- Categories
- Energy, Environment, Investing, Technology
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Off-Grid Solar Energy: Huge Opportunity for Rural Healthcare
While securing electricity access has previously required a one-off product procurement, Energy-as-a-Service now offers a viable and accessible way to meet – and crucially – maintain off-grid health facilities’ long-term energy needs.
- Categories
- Energy, Health Care
- Region
- Sub-Saharan Africa
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United States and Sierra Leone Sign Compact to Transform Energy Sector
The grant will substantially improve the operation of the electrical grid and increase the availability of affordable and reliable electricity for households, businesses, and social institutions – without adding to the country’s debt burden.
- Categories
- Energy
- Region
- Global
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Ignite Power Agrees to Terms for Carbon Off-Take Agreement with SEFE, Advancing Goal to Connect 100 Million by 2030
Ignite Power is a leading distributed renewable energy (DRE) provider in Sub-Saharan Africa.
- Region
- Sub-Saharan Africa
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Funding the Fight Against the World’s Oldest Fuel Source: How New Financing Mechanisms in Clean Cooking Can Succeed Where Grants Have Failed
The use of biomass fuel for cooking has remained consistent over the centuries, despite the development sector's efforts to scale global access to clean cookstoves. As Paul Ronalds at Save the Children Global Ventures argues, a key reason for this failure is the estimated $5.5 billion annual funding gap facing clean cooking initiatives — a gap that traditional sources of finance, like private donations and government grants, have been unable to fill. He discusses several funding solutions, including carbon credits, that could help the clean cooking sector finally end the era of biomass fuel.
- Categories
- Energy, Environment, Investing, Technology
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Carbon Markets Capture the Spotlight at Climate Week NYC
Something’s different about this year’s Climate Week in New York: The voluntary carbon market is getting serious hype.
- Categories
- Energy, Technology
- Region
- Global
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Press Release: Study Unveiled at UNGA79 Shows Energy Goals on the Brink; Lower Income Countries Dangerously at Risk of Being Left Behind
With just five years to 2030, The SDG7 Backsliding study raises the alarm on the global energy goals under UN Sustainable Development Goal 7 (SDG7).
- Categories
- Energy
- Region
- Global
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Mirova Invests $15 Million in African Solar Energy Provider
The funding will help pay for the construction of the firm’s pipeline of projects, aimed at boosting access to renewable energy.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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