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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
- Tags
- energy access, SDGs
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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.
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India Offers $2.46 Billion Incentive to Boost Domestic Production of Batteries
India’s cabinet on Wednesday approved Department of Heavy Industry’s proposal to provide incentives to boost domestic production of batteries with advanced energy storage.
- Categories
- Energy
- Region
- Asia Pacific
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Actis Plans to Double Africa Energy Investments to $2 Billion
Actis LLP, a London-based private equity firm focused on emerging markets, plans to finalize deals on six African power projects in 2021.
- Region
- Sub-Saharan Africa
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South Africa: Golden Valley Wind Energy Project Reaches Commercial Operation
Renewable power developer BioTherm Energy has completed all four of its projects in South Africa, with the latest, the Golden Valley Wind Energy Facility, having come on stream in the Eastern Cape.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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