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Press Release: COVID-19 Intensifies the Urgency to Expand Sustainable Energy Solutions Worldwide
To meet the Sustainable Development Goals (SDGs) targets by 2030, countries must safeguard the gains already attained and accelerate efforts to achieve affordable, reliable, sustainable and modern energy for all.
- Categories
- Coronavirus, Energy
- Region
- Sub-Saharan Africa
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The Clock is Ticking on Energy Access: Exploring Factor[e] Ventures’ Big Bet on Mini-Grids
Since 2010, the number of people without energy access has decreased from almost 1.2 billion to 840 million. But while that's encouraging, the world is not on track to meet SDG7’s goal of universal electrification. What's more, as Amanda DelCore at Factor[e] Ventures points out, more connections may not always equal more access. In light of these realities, she explores why Factor[e] has built its energy access thesis around mini-grids.
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Why a PG&E Bankruptcy Could Change Climate Calculus
Ever since the 2017 wildfires in northern California’s wine country, the company has repeatedly warned that climate change is raising the risk of catastrophic fires in the state, as frequent drought and invasive, warm-weather pests decimate the state’s forests.
- Categories
- Energy, Environment
- Region
- North America
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Electrifying Transportation: Can This Innovative Financing Model Make Electric Buses a Global Reality?
Electrifying transportation at scale is critical to fighting climate change and urban pollution. And with their affordable battery costs and lower fuel and maintenance expenses, transit buses present an excellent business case for electrification. So what is preventing the rapid deployment of electric buses worldwide? Clean Energy Works founder Holmes Hummel discusses the main barrier to adoption – and an innovative financing solution that could turn things around.
- Categories
- Energy, Environment, Investing
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Power Play: Can Energy Access Entrepreneurs Survive the Relentless March of Grid Electricity in India?
Despite the dubious claims from the Modi administration that India has electrified every village in the country, the march to extend grid infrastructure continues unabated. So where does that leave energy access enterprises? Ananth Aravamudan, Renewable Energy lead at Villgro, explores how these firms can find creative new ways to stay relevant.
- Categories
- Energy, Entrepreneurship
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Rich countries pushing ‘dirty energy’ in Africa, report claims
Study finds that while wealthy nations advocate renewables at home, 60% of aid to African energy projects went on fossil fuels.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Press release: OPIC and U.S. Department of Energy Announce “Partnership to Power the Americas”
OPIC, the U.S. government’s development finance institution, announced a commitment to mobilize $1 billion in investment in Mexico’s energy sector over the next three years, to help strengthen energy reserves, with expansion throughout Latin America. In addition, the Department of Energy will identify regions and sectors throughout Latin America that present opportunities for U.S. energy companies and OPIC will assist those companies by providing financing and insurance when it is unavailable from the private sector.
- Categories
- Energy
- Region
- North America
- Tags
- energy, energy sector, Latin America, OPIC
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A Mini-Grid Milestone: Can the Industry’s First Trade Association Help Electrify Rural Africa?
In April, the mini-grid industry got its first-ever trade association, as the Africa Mini-grid Developers Association (AMDA) launched with chapters in Kenya and Tanzania – and ambitious goals for expansion across the continent. Though AMDA's membership currently includes about a dozen companies providing 11,000 connections, it aspires to represent 90 percent of the mini-grid sector by the end of 2021. In a Q&A with Scott Anderson, AMDA co-founder Jessica Stephens discusses its plans to transform the mini-grid industry from a feel-good alternative to a power player in the energy sector.
- Categories
- Energy
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