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Redefining What It Means to be a Next-Generation Energy Company in Africa
More than 650 million people in sub-Saharan Africa lack electricity. Distributed energy service companies face many obstacles in serving this market - from finding the right capital investors to cultivating on-the-ground expertise. Mansoor Hamayun, CEO of solar distributed energy firm BBOXX, says his company is taking aim at several of those challenges with a new financing mechanism. In partnership with Bamboo Capital Partners, BBOXX is launching an investment platform that aims to break down barriers preventing energy companies from scaling up in developing markets.
- Categories
- Energy, Environment
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Engie and Fenix to bring affordable power to the Africans living off-grid
Engie Africa and off-grid energy company Fenix International have closed their acquisition agreement, a move that aims to provide safe and affordable energy to millions of households across Africa
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Press release: Pakistan’s poorest communities to benefit from innovative US$600k deal for off-grid solar roll out
EcoEnergy, a leading affordable solar energy provider in Pakistan, has secured a US$600,000 investment to help it provide off-grid solar energy to 10,000 of the poorest rural households in Pakistan.
- Source
- Press release
- Region
- South Asia
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Press release: Acumen launches energy impact report
The Energy Impact Report, the first of its kind for the organization, is the culmination of 7,500 interviews with 5,500 off-grid energy customers across 11 countries using Acumen’s Lean Data methodology. Designed specifically for social enterprises, Lean Data is a customer-centric, technology-based approach to impact measurement that enables Acumen to speak directly with low-income customers at scale and collect high-quality impact data at a fraction of the cost of existing approaches.
- Categories
- Energy, Impact Assessment
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USADF, All On partner to invest in off-grid energy in Nigeria
UNited States African Development Foundation (USADF) and All On have announced a three-year partnership that will see both parties provide a $3million-fund to expand access to energy for underserved and unserved markets in Nigeria and boost operations of Nigerian owned off-grid energy companies.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Off-Grid Electricity Projects Are Starved for Funds
A first-of-its-kind analysis of the flow of capital, released in September by the United Nations’ Sustainable Energy for All program, shows that off-grid systems simply are not getting the support they deserve.
- Categories
- Energy
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Study says keeping 1 billion people in the dark costs poor countries dearly
Research from the Overseas Development Institute shows improving access to off-grid electricity, such as solar-home systems and clean energy mini-grids, can boost development.
- Categories
- Energy
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