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Investors With US$2 Billion Urge Donors to Ramp up Support for Mini-Grids in Africa
Specifically, the 12 investors, which have more than US$2 billion under management, said that the missing catalyst for scaling mini-grids was an effective results-based financing (RBF) mechanism.
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LevelTen Energy Raises $20.5 Million to Simplify Renewable Energy Sales
CEO Bryce Smith says that the fresh capital will be used to expand LevelTen’s product suite in North America and Europe, open its platform to new channel providers, and grow the company’s workforce.
- Categories
- Energy
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Nigeria’s Unreliable Electricity Costs Its Economy $29 Billion a Year—Solar Power Would Save Billions
This unreliable power supply is a major hindrance to Nigeria’s economic growth. It also costs the country an enormous amount of money.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Time to Shift Gears: Despite Positive Trends, Off-Grid Solar Needs More Investment to Grow
It's true that 2018 was a fairly positive year for investments in off-grid solar. But according to GOGLA, the global association for the industry, this progress isn’t enough. With more than 150 off-grid solar companies and stakeholders as members, GOGLA closely monitors investment flows in the sector. Based on analysis of its deal database, it has realized that the industry will need a significant increase in funding to reach the target of universal energy by 2030. GOGLA analysts share five trends in off-grid solar funding they've observed in the recent data.
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Global Population Without Access To Electricity Drops By 400 Million Since 2010
Tracking SDG7: The Energy Progress Report shows that progress has been made to increase overall renewable energy deployment. Nevertheless, ramping up the progress globally requires stronger political action, long-term energy planning, greater levels of financing along with better policy and fiscal incentives.
- Categories
- Energy
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BBOXX Bags $8m Loan to Accelerate Solar Home Systems in Rwanda
Next generation utility BBOXX has secured an $8 million loan from the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF).
- Categories
- Energy
- Region
- Sub-Saharan Africa
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The Power to Produce: How Indian Energy Entrepreneurs are Approaching the Next Big Frontier
The Indian government says 99.99% of houses in India, a staggering 214 million of them, are now on the electrical grid. Even with errors and omissions, it’s an incredible number. So if nearly all dwellings in India are now grid-enabled, is this the end of energy access challenges in the country? Not exactly, writes Ananth Aravamudan at the social enterprise incubator Villgro, since the existing grid does not provide satisfactory service. He shares several mini case studies of innovative startups building energy solutions that create both value and social impact.
- Categories
- Energy, Entrepreneurship
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Press Release: Bamboo Capital Partners Appointed as International Fund Manager by the Government of Haiti and the World Bank for USD$17 Million Energy Access Fund
The objective of OGEF is to electrify 200,000 households in Haiti within the next 10 years. At present, less than one in three Haitian households have access to electricity, which is often unreliable. In rural areas, electrification rates are as low as 5%.
- Source
- Press Release
- Region
- Latin America
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