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Can renewable power offset bitcoin’s massive energy demands?
“You need cheap energy to fuel your hardware,” says HydroMiner’s co-founder and CEO Nadine Damblon. By setting up shop next to where the electricity is produced, the start-up is able to pay only 4 to 6 euro cents per kW, racking up over $300,000 in profits every month. “Hydropower is the best renewable energy we could find,” Damblon says.
- Categories
- Energy
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Wind is now the cheapest source of clean energy in India
The crash in tariffs comes at the heels of a recent announcement by the Narendra Modi government that resurrected the Indian wind power market after nearly a year of stagnation. The country’s power ministry announced a slew of guidelines for state electricity utilities that want to procure wind power from independent producers.
- Categories
- Energy
- Region
- South Asia
- Tags
- renewable energy
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Wind is now the cheapest source of clean energy in India
The crash in tariffs comes at the heels of a recent announcement by the Narendra Modi government that resurrected the Indian wind power market after nearly a year of stagnation. The country’s power ministry announced a slew of guidelines for state electricity utilities that want to procure wind power from independent producers.
- Categories
- Energy
- Region
- South Asia
- Tags
- renewable energy
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There is Such a Thing as Too Much, Too Fast: Avoiding ‘Mismatched Expectations’ in Off-Grid Energy Investing
A recent post by impact investing firm Ceniarth on the "Energy Access Hype Cycle" has generated considerable discussion, prompting critical responses from fellow impact investors Persistent Energy Capital and the off-grid lighting trade organization GOGLA. With this post, writers at the IFC join the discussion, analyzing the effect of rapid growth rates, high levels of consumer financing and operational efficiency on the liquidity of solar home system providers.
- Categories
- Energy, Investing, Technology
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Press release: IEEE Awards $1.2 Million for Off-Grid Energy Entrepreneurs
IEEE, the world's largest technical professional organization advancing technology for humanity, announced that IEEE Smart Village (ISV) has granted $1.2 million in new funds for selected sustainable energy projects with a potential life-changing impact on up to seven million people around the world.
- Categories
- Energy, Technology
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Viewpoint: Climate Change And Global Poverty Can Only Be Solved Together
While it is entirely appropriate that leaders of developing countries seek to raise their citizens’ standard of living and develop their economies, they must avoid emulating China in order to avoid the worst effects of climate change and local pollution.
- Categories
- Environment, Technology
- Region
- Asia Pacific
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Soldiering on in Solar: Why the ‘Investable’ Deals Debate isn’t the Whole Story
An ongoing debate on NextBillion in 2017 has been the extent to which impact investors should steer clear of the "hype cycle" surrounding off-grid solar providers, particularly in Africa. But after a recent trip to Tanzania where he met with several solar entrepreneurs, WRI's Sanjoy Sanyal argues that now is precisely the time to push forward. He explores why genuine, impact-seeking investors need to look ahead of the current incumbents and support local entrepreneurs.
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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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