France’s PROPARCO Makes $15 Million Equity Investment in Solar Developer Avaada Energy
PROPARCO, a French development financial institution, has announced that it has made a $15 million (~₹1.07 billion) equity investment in independent power producer Avaada Energy Private Limited. According to Mercom’s ...
MNRE Awards Grants to Four Clean Energy Companies Under Second Round of PACEsetter Fund
The Ministry of New and Renewable Energy (MNRE) has announced that it has awarded grants to the awardees of the second round of PACEsetter fund program. The PACEsetter Fund is ...
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 ...
Electricity Demand in India Will Almost Triple Between 2018 and 2040: World Bank
More than 250 million people in South Asia live without access to electricity, which is a quarter of the global population living off the grid, reveals a new report In ...
World Bank Helps Chart Plan to Bring Electricity Access to All Kenyans by 2022
The Kenyan government has launched a new program called Kenya National Electrification Strategy (KNES). The ambitious program has been developed in partnership with the World Bank and it aims to provide a ...
Nepal Begins Construction of its Landmark Power Transmission Line with Aid from EU
Nepal’s Minister of Energy recently inaugurated the ceremony to formally mark the initiation of construction of the Chilime-Trishuli transmission system in central Nepal. This project is expected to allow access ...
Zambia Plans to Develop 100 MW of Solar Projects
Keeping in view the constraints faced by Zambia in the energy sector, and to ensure sustainable and climate-friendly energy sector development, the government of the Republic of Zambia recently launched ...
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 ...
African Development Bank Approves $1.5 Million Loan for Development of Solar in Nigeria
The African Development Bank (AfDB) has approved a $1.5-million grant from the Sustainable Energy Fund for Africa (SEFA) to support the Nigerian government’s implementation of Phase 1 of the Jigawa ...
EIB Agrees to Provide a $25 Million Loan to Strengthen Energy Access in Africa
The European Investment Bank (EIB) has announced plans to provide $25 million in financing to low-cost solar power provider D.light design to strengthen energy access in Africa through the installation of ...
Togo Receives $4 Million in Funding to Boost Energy Access Across the Country
The African country of Togo has received a significant boost in the form of $4 million in funding to further the development an energy access drive dubbed the Cizo initiative ...