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Emerging Markets Ripe for Climate Deals, but Come With Social Costs, Risks
There is huge need for financing climate-related projects in emerging markets, but the social costs and the lack of return are acting as deterrents to global lenders.
- Categories
- Energy, Environment
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Press Release: First-Ever Peace REC (P-REC) Transaction Drives Renewable Energy Development in Africa
The first-ever Peace Renewable Energy Credit (P-REC) transaction has been executed by Microsoft with Energy Peace Partners (EPP) and project developer Nuru. In the agreement, Microsoft is purchasing P-RECs issued by EPP from a new solar project in the Democratic Republic of the Congo (DRC), which will directly finance the installation of streetlights in a recently electrified neighborhood of Goma, the capital of North Kivu province. The streetlights are connected to the same solar-plus-storage system which generates the electricity associated with the P-RECs. The transaction was facilitated by renewable energy, transportation decarbonization, and climate solutions specialist 3Degrees.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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Crypto-Enabled Sun Exchange Expands in Africa With Solar-Plus-Storage Project for Nhimbe Fresh
Sun Exchange, the world’s first peer-to-peer solar leasing platform, has announced its expansion into sub-Saharan Africa with the launch of the crowdsale for Phase 1 of a multiphase 1.9 megawatt (MW) solar-plus-storage project for Nhimbe Fresh, a premier exporter of fresh produce in Marondera, Zimbabwe. This will be the largest Sun Exchange solar installation to date and the first outside South Africa.
- Categories
- Agriculture, Energy
- Region
- Sub-Saharan Africa
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Acumen and Green Climate Fund Boost COVID-19 Relief in off-Grid Energy Access
With a $30 million investment for sub-saharan africa, Green Climate fund joins a coalition of investors and donors to protect the progress made in achieving universal energy access.
- Categories
- Coronavirus, Energy, Investing
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IEA: Global Renewables Capacity To Grow in 2020 Despite Pandemic
Renewables will hit yet another global growth record in 2020 as the industry shows resilience in the face of COVID-19 impacts.
- Categories
- Coronavirus, Energy
- Tags
- renewable energy
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Analysis: How Emerging Markets Can Become Green Economies
This article discusses these micro and macro ways of providing impetus to green/renewable projects through financial and structural solutions
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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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EDFI ElectriFI Invests in Candi’s PV Solar Solutions for Indian SMEs
EDFI ElectriFI invested EUR 2,68m junior debt in candi, a platform that finances, builds and operates solar solutions for SMEs in emerging markets, whereby the aim is to help customers improve their bottom line while at the same time creating a positive environmental impact.
- Categories
- Energy
- Region
- Asia Pacific
- Tags
- renewable energy, solar
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