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The Asian Development Bank Invests $100 Million in Fourth Partner Energy to Support Decarbonization of India’s Commercial and Industrial Sector
The financing includes $70 million from ADB’s ordinary capital resources and $30 million from Leading Asia’s Private Infrastructure Fund 2 (LEAP 2), administered by ADB.
- Region
- Asia Pacific
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Goldman Sachs Invests $440 Million in Renewable Independent Power Producer
The strategic investment in BrightNight will support the development of utility, commercial, and industrial solar and energy storage projects.
- Region
- Global
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Oorja Closes US $1.5 Million Pre-Series A To Scale Its Farming-as-a-Service Model
Oorja owns, operates and maintains decentralised solar infrastructure at the farm level and sells affordable irrigation and milling services to groups of smallholder farmers.
- Categories
- Agriculture, Energy, Technology
- Region
- Asia Pacific
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Press Release: d.light Closes New USD $176 Million Securitization Facility for Affordable Off-Grid Solar In Kenya, Tanzania and Uganda
Off-grid solar provider d.light and impact investor African Frontier Capital partner on new financing to support consumer loans for solar and high efficiency appliances in East Africa.
- Categories
- Energy, Social Enterprise
- Region
- Sub-Saharan Africa
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SolarAid Wins Charity Awards International Aid & Development Category
SolarAid took the top prize in the International Aid & Development category at the 2024 Charity Awards this week, winning for its Light a Village project in Malawi.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Vietnam Renewable Energy Firms to Benefit From Direct Purchase Agreements
Analysts with broker Saigon Securities (SSI) say that the DPPA mechanism can encourage more investment in domestic renewable energy projects.
- Region
- South Asia
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Why Private Businesses — Not Non-Profits and NGOs — Present the Only Scalable Solution for Last-Mile Electrification in Africa
In the pursuit of last-mile electrification in Africa, both businesses and NGOs/non-profits are pursuing different pathways to scale. In a recent NextBillion article, Aneri Pradhan at New Energy Nexus argued that market-led approaches are ill-suited for remote communities, and that philanthropy should focus more on scalable non-profit models. But according to Yariv Cohen at Ignite Power, when it comes to serving these communities at scale, businesses offer advantages that non-profits and NGOs cannot match. He explores why the private sector’s role is critical for addressing energy poverty across Africa.
- Categories
- Energy, Technology
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Scalable Mini-Grid Design Requires Expandable Systems: Why Modular Technology and Finance are Key to the Sector’s Growth and Sustainability
Mini-grids offer a proven, low-cost solution to bring energy access to hard-to-reach communities. But as Nathan Sermonis and Liam Murphy at Vittoria Technology argue, mini-grid projects need to start small and grow alongside customer demand for optimal sustainability. They explore why smart mini-grid design requires expandable, right-sized systems with “modular” finance and technology, and discuss how recent innovations in batteries and other solar technologies can enable this change in the sector’s approach to system design.
- Categories
- Energy, Technology
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