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Innovex Closes an Equity Investment With Gaia Impact Fund, a VC Fund Dedicated to Renewable Energy Entrepreneurs
Innovex, a Uganda-based startup enabling pay-as-you-go and remote monitoring for solar companies, closed a Series Seed Round with an equity investment from Gaia Impact Fund.
- Categories
- Energy, Entrepreneurship
- Region
- Sub-Saharan Africa
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Starsight Gets $10 Million Funding to Expand Solar Power Solutions in Nigeria, Ghana
A Helios and AIIM-backed solar power solutions firm, Starsight Energy, said it has obtained a $10 million financing that would enlarge its current senior debt facility in a bid to scale up its generation capacity and services in the Nigerian and Ghanaian markets.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Analysis: How Can We Ensure Energy Is Clean, Secure and Affordable?
A disruptor and a fresh start, though unexpected: the coronavirus pandemic has brought immeasurable grief and hardship, but it has also created unprecedented momentum for deep and structural change in society and industries.
- Categories
- Energy
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Lake Turkana Wind Power to Take Full Advantage of Digitization
Software as a service company Clir Renewables has today announced a partnership agreement with the Kenyan-based Lake Turkana Wind Power (LTWP).
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Total to Acquire 20% Stake in Adani Green Energy for US $2.5 Billion
Total France, a global energy major, will pick up a 20 per cent stake in Adani Green Energy Ltd (AGEL), the renewable power company of Adani Enterprises, by way of acquisition of shares held by the Adani Promoter Group (APG).
- Categories
- Energy
- Region
- Asia Pacific
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Nigeria’s Daystar Power Secures US $38 Million Series B Investment Led by IFU
The round was led by the Investment Fund for Developing Countries (IFU), the Danish development finance institution (DFI). IFU is joined by new investors STOA, a French impact infrastructure fund, Proparco, the French DFI, backed by a guarantee from the European Union under the African Renewable Energy Scale-Up facility (ARE Scale-Up) and Morgan Stanley Investment Management.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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The Public Option: How Smart Tariff Subsidies Can Boost Minigrids and Solve Africa’s Rural Energy Access Dilemma
The World Bank estimates that minigrids can provide electricity for up to 500 million people by 2030, and that the cost of minigrid electricity per kilowatt hour will decrease by two thirds in the same period. But as Daniel Kitwa at the Africa Minigrid Developers Association points out, these goals can only be realized through effective public policy, scale and innovation. He explains why a smartly designed subsidy program to reduce the cost of minigrid power for rural customers is the critical missing piece in these efforts.
- Categories
- Energy
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How India’s Renewable Energy Sector Survived and Thrived in a Turbulent 2020
Record-low solar tariffs and flexible clean power auctions pushed India’s renewable energy growth in the midst of pandemic impacts. Now, it’s a question of pace.
- Categories
- Energy
- Region
- Asia Pacific
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