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Off-Grid Solar Firm PEG Africa completes US$13.5 million fundraise
PEG Africa, the leading off-grid solar company in West Africa, is pleased to announce it has successfully raised US$13.5 million through a combination of debt and a Series B equity financing. The proceeds will be used to accelerate growth in Ghana and Ivory Coast, where PEG is already a sector leader, to reach 500,000 people.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Big Oil is investing billions to gain foothold in clean energy
Oil majors more than doubled the number of acquisitions, project investments and venture capital stakes, to 44 in 2016 from 21 the year before, according to research published Tuesday by Bloomberg New Energy Finance. In the last 15 years, they’ve completed 428 transactions and spent $6.2 billion building stakes in clean energy companies.
- Categories
- Energy
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This Blockchain-Based Energy Platform Is Building A Peer-To-Peer Grid
WePower is yet to launch, but its proposition is radical. On one side, it’s gathering together producers of renewable energy, including solar, wind and hydro plants. On the other, it’s signing up investors who pay upfront for the right to consume electricity generated by those plants.
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Press release: ENGIE Accelerates Its Development in the Off-Grid Energy Market by Joining Forces with Fenix, a Pioneer in Africa’s Solar Home System Market
ENGIE and Fenix announce that they have agreed on a transaction in which ENGIE will acquire 100% of Fenix International, a next generation energy company, offering Solar Home Systems (SHS) in Africa. Founded in 2009, Fenix employs over 350 people and has its main activities in Uganda where it is the leading SHS player with more than 140,000 customers.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Off-grid Solar set to triple in Africa
The IEA has found that the amount of power from solar grew by more than 50%, and has officially increased energy output globally at a faster rate than any other fuel. Off-grid solar will bring basic electricity services to almost 70 million more people in Asia and sub Saharan Africa
- Categories
- Energy
- Region
- Sub-Saharan Africa
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CLEAN launches first “State of the Sector” report on last-mile clean energy access in India
The Clean Energy Access Network (CLEAN) (thecleannetwork.org), India’s industry body representing the decentralized renewable energy (DRE) sector, today launched its first annual “State of the Sector” report. The report highlights the significant progress and innovation made by the sector.
- Categories
- Energy, Technology
- Region
- South Asia
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Linking renewables to economic growth: The case for climate-centered SDGs
Presenting research findings during a panel session on how we can all profit from the low carbon transition, Argyriou highlighted findings from Southeast Asia and the Pacific that demonstrate the decoupling of economic growth and emissions growth is both achievable and beneficial.
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- Energy, Environment
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The UN Is Forming An Accelerator To Make Its Sustainable Development Goals A Reality
The new accelerator-like program will convene national and city leaders, businesses, financial institutions, and community development advocates to develop solutions for the SDGs–particularly energy, water, ecosystems restoration, food systems, sustainable cities, and a circular economy–that can scale and apply across national borders.
- Categories
- Energy, Environment
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