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Press releae: PEG Africa raises $25M to accelerate off-grid solar expansion in West Africa
PEG Africa, a West Africa based pay-as-you-go (PAYG) solar company, has raised a US$25 million Series C funding round, taking its funding total to US$50 million, and allowing it to cement its position as market leader in the region.
- Source
- Press release
- Region
- Sub-Saharan Africa
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BBOXX receives largest crowdfunded debt raise in history of solar energy in Africa
BBOXX and Trine’s funding initiative has hit the €6 million mark – in what is the largest crowd-funded debt raise in the history of solar energy in Africa. Mansoor Hamayun, CEO and Co-Founder of BBOXX comments: “Hundreds of millions of people in Africa still live without electricity. Collaborating with Trine has allowed us to tap into retail investors who share our vision for transforming people’s lives through sustainable energy provision."
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Freeing the Data to Build the Off-Grid Energy Sector: A Case Study from Tanzania
Mini-grids and solar home systems are showing promise in many parts of Tanzania and other countries. But Christopher Arderne at the World Bank and Pepukaye Bardouille at the IFC flag a key challenge: Lack of coordination and information-sharing between government and the private sector means off-grid developers may target sites that will become grid-connected before they can recover their investments. Arderne and Bardouille share some free new data tools that blend local participation and infrastructure mapping to help off-grid players avoid this risk.
- Categories
- Energy, Technology
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Mastercard and Angaza shine for payments in emerging markets
San Francisco-based Angaza provides a pay-as-you-go (PAYG) embedded metering and monitoring technology, while Mastercard brings its digital payment solutions and infrastructure including QR technology.
- Categories
- Energy, Finance, Technology
- Region
- South Asia
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Why Health Benefits Could Drive Customer Value for Solar Lighting and Clean Cookstoves
Solar lighting and improved cookstoves have multiple benefits. But according to a new FINCA International survey of end-users in Uganda, the benefits customers value most involve the products' perceived contributions to a cleaner, healthier household. Scott Graham and Anahit Tevosyan at FINCA explore how highlighting these benefits can help product manufacturers and distributors – and the donors and investors who support them – to strengthen the uptake and usage of off-grid products.
- Categories
- Energy, Environment
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KKR Turns to Impact Fund Co-Investing With $510 Million Deal
KKR and private equity rivals including Bain Capital and TPG have dived into impact-investing strategies in the past two years, launching funds devoted to sustainability.
- Categories
- Investing
- Region
- South Asia
- Tags
- energy access, ESG, impact investing
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Igniting Growth in the DRC: How Renewable Energy Can Power Urban Development
Off-grid solar systems have been a key to bringing energy access to the rural poor across East Africa. Yet in the Democratic Republic of Congo, just 9 percent of the population have access to electricity. Flavia Howard, a strategy consultant for social entrepreneurs, argues that in spite of the disruption caused by disease and war, her research shows that the country presents a compelling market for distributed energy solutions.
- Categories
- Energy
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FirstBank, Azuri partner to bring solar to millions and deepen financial inclusion in Nigeria
More than 60 million of Nigeria’s roughly 200 million people do not have bank accounts and as little as 6% of people have a mobile money account.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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