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Green Climate Fund invests US $150 Million in African Development Bank’s Desert to Power initiative
Desert-to-Power is a flagship renewable energy and economic development initiative led by the African Development Bank whose objective is to light up and power the Sahel region.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Germany Pledges $116 Million for Renewable Energy in Africa
Germany has pledged to contribute US $116M to the African Development Bank‘s (AfDB) Sustainable Energy Fund for Africa (SEFA) to support private investments in renewable energy in Africa.
- Categories
- Environment
- Region
- Sub-Saharan Africa
- Tags
- renewable energy, solar
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US Developer Lands $1.75 Million Deal for Nigerian Mini-Grids
Former start-up Husk, which originally based its business on renewables powered by rice industry waste products, has agreed to develop seven solar-plus-storage mini-grids across rural communities in Nasarawa state.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Optimizing Results-Based Financing for Off-Grid Energy: Why Localization Can Provide a Pathway to More Effective Investment
Leading investors across the energy access sector have embraced results-based financing (RBF) as a key mechanism to unlock private capital for small-scale solar and mini-grid businesses, and to advance the world toward universal electrification. But according to Audrey Desiderato at SunFunder and Martijn Veen at SNV, the remote design and management of RBF programs increases the risk that these funds will exclude local actors and innovation. They share findings from a recent white paper exploring the need for more localization in results-based financing for off-grid energy.
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World Leaders Pledge $400 Billion to Boost Clean Energy and Renewables
The pledges include projects to expand access to electricity in developing countries and improve energy efficiency.
- Categories
- Energy
- Region
- Global
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Press Release: Energy 4 Impact, Mercy Corps, Announce Merger to Increase Access to Clean Energy
Energy 4 Impact and Mercy Corps announced a merger to increase access to climate-smart, sustainable energy, improving the lives of millions around the world.
- Categories
- Energy, Environment
- Region
- Global
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Press Release: CrossBoundary Energy Partners with Zoodlabs to Develop Off-grid Hybrid Solar Power Plant
The agreement covers the installation of an off-grid solar power plant with a battery storage system to provide continuous electricity to Zoodlabs’ undersea fibre optic facilities in Sierra Leone.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Press Release: Investment and Asset Management Platform Odyssey Acquires Ferntech
Odyssey Energy Solutions has acquired the German remote monitoring and control technology company, Ferntech.
- Categories
- Energy
- Region
- Global
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