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19 Firms Get $1.5 Million Grant to Boost Solar-Powered Businesses in Africa
The programme which aims to deploy 3,800 productive use appliances, including solar-powered water pumps, refrigerators and milling machines, while creating over 3,000 green jobs across the three countries.Eight Nigerian companies were among the beneficiaries selected for the initiative.
- Region
- Sub-Saharan Africa
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Philippines Leads the World in Rush to Solar as Power Prices Soar
The rooftop solar rush has resulted in $407 million in panel imports in the three months through May, a 145% increase from a year earlier, according to trade data from China, which accounts for most global supply.
- Categories
- Energy
- Region
- South Asia
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China and the West Are Taking Opposite Paths on EV Battery Recycling
China has 85% of the world’s recycling capacity and a mandate to shred old packs. The U.S. has another plan: use them to save the power grid first.
- Categories
- Technology, WASH
- Region
- Global
- Tags
- e-mobility, recycling, renewable energy, solar, waste
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D.light Takes PAYGo Solar From Impact Funds to the London Stock Exchange
The listing brings d.light’s cumulative PAYGo receivables purchasing capacity to $1 billion — a milestone that few in the off-grid energy sector thought achievable when the company pioneered the first-ever PAYGo securitisation back in 2020.
- Categories
- Energy, Investing, Technology
- Region
- Sub-Saharan Africa
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Zafiri Announces USD $176 Million Commercial Launch to Accelerate Energy Access via the Private Sector Cross sub-Saharan Africa
Zafiri will deploy patient equity into distributed renewable energy (DRE) companies and projects across Sub-Saharan Africa, including mini-grids, solar home systems, productive-use energy solutions, and clean cooking enterprises. At least 50% of the platform’s capital is expected to support mini-grids, solar home systems, and clean cooking.
- Region
- Sub-Saharan Africa
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Report: Africa’s Green Transition to Create Up to 84 Million Jobs by 2050 but It Risks Embedding Inequality Without Urgent Action
Africa’s green transition could generate up to 84.5 million jobs by 2050 but without concerted policy action the benefits risk entrenching inequality rather than reducing it.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Record Sales Highlight Off-Grid Solar’s Critical Role in Electrification
The East Africa region and Nigeria experienced the highest sales, with subsidies and results-based financing (RBF) programmes helping expand affordability and accelerate market expansion, pushing sales of products purchased through pay-as-you-go (PAYGo) up by almost 50%.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Financing the Future: How Off-Balance-Sheet Special Purpose Vehicles Could Fund Africa’s Cleantech Transition
Across Africa, founders are tackling some of the world’s most difficult development challenges with cleantech solutions that require significant capital expenditure. But according to Julia Lawson-Johns, and Amar Inamdar at KawiSafi Ventures, beneath this wave of innovation lies a capital architecture that is still too shallow to enable the scale these firms now require. They argue that off-balance-sheet financing via special-purpose vehicles could provide cleantech enterprises with an alternative means of securing upfront liquidity to finance growth, and explore how these vehicles could power Africa’s cleantech transition.
- Categories
- Agriculture, Energy, Finance, Investing, Transportation
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