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Press Release: U.S. Government’s Power Madagascar to Bring Electricity to 5,200 Rural Homes and Businesses
The United States Government, through the United States Agency for International Development (USAID) and the Power Africa initiative, has awarded three companies in Madagascar a combined $1.2 million in grant funding to develop mini-grids that will bring electricity to more than 5,200 rural homes and businesses. These grants are part of the U.S. Government’s $3 million effort to increase energy production and electricity access in Madagascar.
- Region
- Sub-Saharan Africa
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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
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Manufacturing a COVID-19 Recovery: Why Building Local Manufacturing Capacity Is Key To Africa’s Pandemic Response
COVID-19 is taking a heavy toll on sub-Saharan Africa's economies. And as Salma Okonkwo at Blue Power Energy Ltd. points out, the region is particularly vulnerable because it relies on international imports and exports for much of its GDP. She proposes an effective way to help Africa recover from the pandemic and build resilience to future shocks: developing local manufacturing.
- Categories
- Coronavirus, Energy, Entrepreneurship
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Bringing Refugee Camps Out of the Dark: An Entrepreneur-Driven Solution To Clean Energy for the World’s Most Vulnerable Communities
There are almost 80 million forcibly displaced people worldwide – and among refugees living in rural settlements, 90% have very limited access to electricity. Sofia Ollvid at SolarAid discusses its innovative collaboration in Malawi's Dzaleka refugee camp, which mobilizes the support of refugee entrepreneurs to bring solar lighting to a population that's been living in the dark.
- Categories
- Energy, Entrepreneurship
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Local Solar Enterprises Are Changing Women’s Lives in Kenya: Why Won’t Investors Support Them?
In Kenya, women are battling climate change by using solar products made by innovative local companies. Yet as Sanjoy Sanyal and Chen Chen at the World Resources Institute and Deborah Mburu at IDEAS TANK point out, these companies remain under-supported by the international investing community. They highlight a few of these women and businesses – and urge investors to get off the sidelines.
- Categories
- Energy, Entrepreneurship, Investing
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Press Release: Solarise Africa Lands $10 Million Series B Investment To Advance Clean Energy on the Continent
Innovative renewable energy leasing solutions attract significant global investment
- Categories
- Investing
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Engie and Eib Partner on Off-Grid Solar Scheme in Uganda
Millions of people in rural Uganda are set to access reliable and cheap electricity for the first time under a new off-grid solar scheme.
- Categories
- Energy, Environment, Technology
- Region
- Sub-Saharan Africa
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India to Boost Renewables by Over $800 Million in 2020
In India, the Ministry of New and Renewable Energy has been given an annual increase of 10.62% or INR 57.53 billion (approximately $806.65 million) in the country’s 2020 national budget.
- Categories
- Energy
- Region
- South Asia
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