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US Developer Lands $1.75 Million Deal for Nigerian Mini-Grids
Former start-up Husk, which originally based its business on renewables powered by rice industry waste products, has agreed to develop seven solar-plus-storage mini-grids across rural communities in Nasarawa state.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Optimizing Results-Based Financing for Off-Grid Energy: Why Localization Can Provide a Pathway to More Effective Investment
Leading investors across the energy access sector have embraced results-based financing (RBF) as a key mechanism to unlock private capital for small-scale solar and mini-grid businesses, and to advance the world toward universal electrification. But according to Audrey Desiderato at SunFunder and Martijn Veen at SNV, the remote design and management of RBF programs increases the risk that these funds will exclude local actors and innovation. They share findings from a recent white paper exploring the need for more localization in results-based financing for off-grid energy.
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Sun Exchange Secures $2.5 Million Convertible Note Financing
The latest investment enables Sun Exchange to continue scaling its success using its crowd-based solar leasing platform to facilitate solar power for small-to-medium organisations in Sub-Saharan Africa,
- Region
- Sub-Saharan Africa
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Press Release: Energy 4 Impact, Mercy Corps, Announce Merger to Increase Access to Clean Energy
Energy 4 Impact and Mercy Corps announced a merger to increase access to climate-smart, sustainable energy, improving the lives of millions around the world.
- Categories
- Energy, Environment
- Region
- Global
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Press Release: CrossBoundary Energy Partners with Zoodlabs to Develop Off-grid Hybrid Solar Power Plant
The agreement covers the installation of an off-grid solar power plant with a battery storage system to provide continuous electricity to Zoodlabs’ undersea fibre optic facilities in Sierra Leone.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Press Release: Investment and Asset Management Platform Odyssey Acquires Ferntech
Odyssey Energy Solutions has acquired the German remote monitoring and control technology company, Ferntech.
- Categories
- Energy
- Region
- Global
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Zola Electric Closes $90 Million Funding Round To Scale Technology and Enter New Markets
Zola Electric, one such provider, is announcing today that it has closed $90 million in new funding to enter new markets and drive distributed renewable energy.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Analysis: Governments Must Prioritise Off-Grid Energy in Africa’s Economic Recovery
The pandemic has exacerbated some hard truths about the inequality of energy access, with those lacking it hit hardest - but we have the tools to end energy poverty now.
- Categories
- Coronavirus, Energy
- Region
- Sub-Saharan Africa