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Husk Power Systems Secures $6 Million from EU-funded EDFI ElectriFI
Bihar-based Husk Power Systems will use $6 million of newly acquired funds to build solar hybrid microgrids in 80 communities in rural India.
- Region
- Asia Pacific
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Press Release: Pioneer Facility Invests in Techno Hill to Expand Solar Microgrids in Myanmar
The Pioneer Facility signs its first investment in Myanmar with Techno Hill, a pioneering solar microgrid developer.
- Categories
- Energy
- Region
- South Asia
- Tags
- electricity, energy access, microgrid, minigrids, solar
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Press Release: “Sunshot Initiative” Launched by Husk Power to Impact 2 Million Nigerians by Scaling Solar Microgrids for Rural Economic Growth
The “Nigeria Sunshot Initiative” will benefit at least 2 million Nigerians with reliable, renewable energy by 2026.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Press Release: In Rural Nigerian Communities, Small Electric Vehicles Powered by Microgrids Cost the Same as Fossil Fuels and Expand Access to Electricity
RMI, Factor[e] Ventures and the UK-charity Shell Foundation show scaling electric mobility with a growing minigrid industry is profitable for both minigrid and electric vehicle operators and improves community access to transportation
- Categories
- Energy
- Region
- Sub-Saharan Africa
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USAID, DFC Announce $41 Million Financing for Renewable Energy in India
The United States Agency for International Development (USAID) and the US International Development Finance Corporation (DFC) have announced a USD 41 million-loan guarantee program to finance investment in renewable energy solutions by Indian SMEs.
- Region
- Asia Pacific
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Press Release: The Rockefeller Foundation Commits USD1 Billion To Catalyze a Green Recovery From Pandemic
Driving public-private investment, transformative solutions, and a more inclusive, sustainable future. Launching next chapter for the 107-year old philanthropic institution.
- Categories
- Coronavirus, Energy, Health Care
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Press Release: Bangladesh-Based Clean Energy Firm SOLshare Successfully Closes US$1.1M Financing Round With Support From IIX Impact Partners
IIX Impact Partners – the world’s most successful debt and equity crowdfunding platform for impact investing – has supported Bangladesh-based off-grid solar energy firm SOLshare in closing a US$1.1 million financing round. Investors include innogy New Ventures LLC – the venture capital investment arm of the German utility firm innogy SE— the investment arm of Portuguese utility firm EDP Ventures, as well as new angel investors from around the world. Funding will be used to bring smart solar microgrids to off-grid, underserved communities in Bangladesh, putting SOLshare on track to positively impact 2.5 million people by 2023.
- Categories
- Energy, Finance, Technology
- Region
- Asia Pacific
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The Time is Now for a Renewable Energy Transition in Haiti
Though they have comparable populations and share the same Caribbean island, the energy capacity in the Dominican Republic exceeds that of Haiti by a factor of 10 to one. Carl Black at Deetken Impact explores that discrepancy and argues that, though fossil fuels still represent over 85% of installed capacity in both countries, they also present an enticing opportunity for renewable energy development.
- Categories
- Energy
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