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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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Zola Electric Closes $90 Million Funding Round To Scale Technology and Enter New Markets
Zola Electric, one such provider, is announcing today that it has closed $90 million in new funding to enter new markets and drive distributed renewable energy.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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BlackRock Foundation Awards $100 Million to Breakthrough Energy
The BlackRock Foundation has announced a five-year, $100 million commitment to Breakthrough Energy in support of its Catalyst fund to accelerate the development of clean energy technologies.
- Categories
- Energy
- Region
- Global
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Curbing Deforestation in Sub-Saharan Africa: Why Woodfuel Alternatives Are a Key Sustainable Solution
Deforestation is rampant in sub-Saharan Africa – the only region where the pace of forest loss has increased in each of the last three decades. According to Ian Otula and Aaron Pattillo of Vuma Biofuels and Wassa N’Gandjo Cisse of the BESTSELLER Foundation, the root cause of this crisis is the fact that woodfuels provide over 80% of the region's energy, and there's an alarming imbalance between supply and demand. They explore how woodfuel substitutes can offer a solution to this issue – and how Vuma Biofuels is leveraging these sustainable fuel sources to address a key driver of deforestation in Kenya: the tea industry.
- Categories
- Energy, Environment
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