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1.9 Megawatt Solar-Plus-Storage Project for Nhimbe Fresh, Zimbabwe
Following the close of a $4 million Series A funding round in June, momentum continues with Sun Exchange's expansion into sub-Saharan Africa and a landmark solar-plus-storage project. This multiphase project will power Nhimbe Fresh, an agriculture leader in Marondera, Zimbabwe.
- Categories
- Agriculture, Energy
- Region
- Sub-Saharan Africa
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Press Release: CrossBoundary Energy Fully Exits First Fund at 15% Net Internal Rate of Return (IRR), Raises $40 Million To Continue To Scale Financed Solar for Businesses in Africa
CrossBoundary Energy (CBE) today announced the exit of its first fund at a 15% net IRR to investors. ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARCH ARPF) is providing $40M in new equity funding to exit initial investors and support CrossBoundary Energy to continue to develop, construct and operate distributed commercial & industrial (C&I) solar projects that will provide businesses across Africa with access to cheaper, cleaner power.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Press Release: Bamboo Capital Partners, the Government of Madagascar and the World Bank Partner To Launch USD$40 Million Energy Access Fund for Madagascar
Bamboo Capital Partners (‘Bamboo’), the impact investing platform, has been appointed by the Government of Madagascar and the World Bank as the international fund manager for the Off-Grid Market Development Fund (‘OMDF’ or ‘the Fund’), a USD$40 million renewable energy access fund.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Acumen and Green Climate Fund Boost COVID-19 Relief in off-Grid Energy Access
With a $30 million investment for sub-saharan africa, Green Climate fund joins a coalition of investors and donors to protect the progress made in achieving universal energy access.
- Categories
- Coronavirus, Energy, Investing
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Analysis: Recovering the Missing Millions Owed To Africa’s Minigrids
Only a tiny percentage of international donor cash is going to projects, and it’s especially bad in Africa.
- Region
- Sub-Saharan Africa
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Federal Government To Invest in the Deployment of Mini-Grid Systems To Power 5 Million Homes in 2021
The Minister said the government will invest in Mini-grid systems that will provide power for 5 million homes in 2021.
- Region
- Sub-Saharan Africa
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Disconnects Between Minigrid Policy Stakeholders Keep Sector’s Bankability at Bay
Minigrids have yet to scale on a trajectory reflective of their massive potential.
- Categories
- Energy, Finance, Technology
- Region
- Sub-Saharan Africa
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System Value Can Power the Energy Transition in Emerging Markets
The energy transition is more pressing than ever – and as governments look to economic recovery in the wake of COVID-19, they are recommitting to their energy transition plans and investing to drive faster progress.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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