AfDB Extends $153.5 Million for Developing Tunisia’s Power Transmission Network

AfDB Extends $153.5 Million for Developing Tunisia’s Power Transmission Network

In a major boost to the Tunisian renewable energy sector, African Development Board (AfDB) has sanctioned €138 million (~$153.5 million) for the Tunisian Company of Energy and Gas (STEG) to ...
/ / Grid, T&D
Engie Set to Acquire Solar Solutions Provider Mobisol to Expand its Footprint in Africa

Engie Set to Acquire Solar Solutions Provider Mobisol to Expand its Footprint in Africa

The French multinational energy conglomerate Engie has decided to expand its operations in Africa through the acquisition of Mobisol, an off-grid solar solutions company. With the acquisition of Mobisol, Engie ...
/ / Off-grid, Solar
Off-Grid Solar Solutions Provider BBOXX Raises $50 Million Funding Led by Mitsubishi

Off-Grid Solar Solutions Provider BBOXX Raises $50 Million Funding Led by Mitsubishi

BBOXX, an off-grid solar solutions provider, has raised $50 million (~₹3.58 billion) in a Series D round of funding. Mitsubishi Corporation led the round by investing a significant amount. According ...
/ / Off-grid, Solar
NOTS Solar Lamps to Invest $70 Million in Solar Home Systems Manufacturing in Rwanda

NOTS Solar Lamps to Invest $70 Million in Solar Home Systems Manufacturing in Rwanda

NOTS Solar Lamps in collaboration with the Government of Rwanda has announced a deal to speed up the process of providing power to families with least incomes in Rwanda. NOTS ...
Globeleq Announces Financial Closure for its 40 MW Solar Project in Kenya

Globeleq Announces Financial Closure for its 40 MW Solar Project in Kenya

Globeleq, an energy company focused on Africa has announced the financial closure of a 40 MW Malindi Solar photovoltaic project in Kenya. The company has also announced that it has ...
/ / Finance and M&A, Solar
GuarantCo and Sindicatum Renewables Sign Deal for Green Bonds Worth $60 Million

Nigeria to Raise $41.5 Million Through its Second Green Bond Issue

The debt management office (DMO) of the federal government of Nigeria has announced that it is looking to execute a second green bond issuance - Series II Green Bonds amounting ...
AfDB to Provide $20 Million for Mini-Grid Solar Projects in Congo

AfDB to Provide $20 Million for Mini-Grid Solar Projects in Congo

The African Development Bank board (AfDB) has announced the approval of a $20 million loan to the Democratic Republic of Congo (DRC). The funding will be used to support the ...
/ / Finance and M&A, Solar
World Bank Commits $22.5 Billion to Scale Up Climate Action in Africa

World Bank Commits $22.5 Billion to Scale Up Climate Action in Africa

The World Bank has committed $22.5 billion to Africa for climate adaptation and mitigation in the next five years. The funding is part of the World Bank’s 2025 target to accelerate ...
/ / Finance and M&A, Other
Solar Solutions Provider BBOXX Raises $6.78 Million Through Crowdfunding

Solar Solutions Provider BBOXX Raises $6.78 Million Through Crowdfunding

BBOXX, an off-grid clean energy technology provider, has announced that its funding initiative has reached the €6 million (~$6.78 million) mark. BBOXX was assisted by Trine, a company that helps ...
/ / Finance and M&A, Solar
West African Countries Propose a Solar Energy Corridor

West African Countries Propose a Solar Energy Corridor

Economic Community of West African States (ECOWAS) has taken the initiative to create a West Africa Clean Energy Corridor (WACEC) to increase the share of renewable energy in the energy ...
/ / Markets & Policy, Solar
BlackRock Real Assets Power and Energy Infrastructure Fund Raises $1.5 Billion

Evolution II Fund Closes $7.47 Million Investment for Solar Projects in Africa

Inspired Evolution, an Africa-focused investment advisory firm that specializes in the clean energy sector, closed a ZAR 100 million ($7.47 million) investment facility by its Evolution II Fund into Commercial ...
/ / Markets & Policy, Solar
Maharashtra Takes a Tough Stance on Solar and Non-Solar RPO Enforcement

AfDB Approves $25 Million Renewable Energy Fund for Projects in Sub-Saharan Africa

The African Development Bank Group (AfDB) has announced an equity investment of up to $25 million in ARCH Africa Renewable Power Fund (ARPF), a $250 million private equity fund that ...
/ / Markets & Policy, Solar
Green Climate Fund Pledges $1 Billion to Fight Climate Change in Developing Countries

UK Climate Investment and Investec Pledge 1 Billion Rand for Renewable Projects in Africa

The U.K. Climate Investments (UKCI) has announced that it will invest 500 million Rand ($36 million) in Revego Africa Energy Limited, an investment vehicle dedicated for renewable energy projects in Africa ...
/ / Other, Renewable Energy
BlackRock Real Assets Power and Energy Infrastructure Fund Raises $1.5 Billion

AIIM to Invest $31 Million in Off-Grid Solar Solutions Provider BBOXX for a Minority Stake

BBOXX, an affordable clean energy solutions provider to off-grid communities in Africa, has announced that Africa Infrastructure Investment Managers (AIIM), through its AIIF3 fund, is investing $31 million for a minority stake ...
/ / Finance and M&A, Solar
Average Peak Power Supply Deficit Rose to 2% Across India During FY 2017-18

World Bank and AFD to Launch Solar Risk Mitigation Initiative in Emerging Economies

The World Bank and Agence Française de Développement (AFD), France’s public development bank, have announced that they are jointly working on a Solar Risk Mitigation Initiative (SRMI) to improve solar energy deployment in some ...
/ / Markets & Policy, Solar
Seraphim to Open a 500 MW Solar Cell Factory in South Africa

Seraphim to Open a 500 MW Solar Cell Factory in South Africa

Jiangsu Seraphim Solar System, a solar product manufacturer, has announced to open 500 MW solar cell factory in the Port Elizabeth, South Africa. The cell factory based in Coega Industrial ...
/ / Markets & Policy, Solar
India’s Solar Installations Decline Quarter-Over-Quarter to 1.6 GW in Q2 2018

African Countries Receive Financial Assistance Against Payment Risk for Renewable Projects

The Regional Liquidity Support Facility (RLSF) has signed agreements with five African countries to provide financial assistance to their independent power producers (IPPs) against payment risks, noting that the lack of ...
/ / Other, Renewable Energy
MAHAGENCO Invites EoI to Set up Solar Manufacturing Unit in Maharashtra

OPIC provides $5.8 million to Solar Installation Company CrossBoundary Energy in Africa

The Overseas Private Investment Corporation (OPIC), a United States Government agency, has provided 600 million shillings (~$5.86 million) to CrossBoundary Energy, a Nairobi-based company which funds commercial and industrial solar ...
/ / Markets & Policy, Solar
Off-Grid Solar Products Sales in India Totaled $36 Million in the Second Half of 2017

BBOXX and GE Electric Enter Partnership to Provide Solar Solutions in Congo

BBOXX, an affordable clean energy solutions provider to off-grid communities in Africa, and General Electric have launched a partnership to provide energy access for small businesses, schools and other organisations ...
/ / Markets & Policy, Solar
USTDA Funds Feasibility Study to Assess Viability of a 100 MW Solar Project in Mozambique

USTDA Funds Feasibility Study to Assess Viability of a 100 MW Solar Project in Mozambique

The United States Trade and Development Agency (USTDA) has awarded a grant to WHN Solar, S.A., for a feasibility study to assess the viability of solar photovoltaic (PV) project of ...
/ / Markets & Policy, Solar
Off-Grid Solar Solutions Provider Zola Electric Secures $20 Million Debt Financing

Off-Grid Solar Solutions Provider Zola Electric Secures $20 Million Debt Financing

ZOLA Electric, formerly known as Off Grid Electric, an African renewable energy company, has secured $20 million in debt financing from solar-business lender SunFunder. The funding will be utilized to ...
/ / Finance and M&A, Solar
Off-Grid Solar Solutions Making Big Impact on African Households: Report

Off-Grid Solar Solutions Making Big Impact on African Households: Report

In its latest report, the Global Off-Grid Lighting Association (GOGLA), in association with Altai Consulting, has highlighted the impact and the benefits of off-grid solar home systems (SHS) in improving ...
/ / Markets & Policy, Solar
CDC to Partner with Globeleq to Fund a 52 MW Solar Project in Kenya

CDC to Partner with Globeleq to Fund a 52 MW Solar Project in Kenya

CDC, a development finance institution of the UK government, has partnered with Globeleq, an independent power producer and developer in Africa, to provide $66 million debt financing to Malindi Solar Group ...
/ / Markets & Policy, Solar
AfDB Approves $28 Million Loan for Off-Grid Solar in Africa’s Côte d'Ivoire

AfDB Approves $28 Million Loan for Off-Grid Solar in Africa’s Côte d’Ivoire

The African Development Bank (AfDB) approved a ~$27.78 million proposal to secure a loan from Société Générale de Banque in Côte d'Ivoire (SGBCI), Crédit Agricole Corporate, and Investment Bank (Crédit Agricole ...
/ / Finance and M&A, Solar
Microgrids an Important Piece of the Puzzle for Energy Access in Frontier Markets

Microgrids an Important Piece of the Puzzle for Energy Access in Frontier Markets

Microgrids are becoming important part of the frontier power markets for distributed energy systems. Advances in technology such as energy storage along with rising diesel prices, and favorable government policies ...
/ / Grid, Microgrid