MNRE Awards Grants to Four Clean Energy Companies Under Second Round of PACEsetter Fund

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 ...
/ / Finance and M&A, Other
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 ...
Off-Grid Solar

Easy Access to Finance in India’s Solar Off-Grid Market: PAYGo Report

Off-grid solar markets are instrumental in creating energy access to more than half a billion people around the world. According to the latest Pay-As-You-Go (PAYGo) Market Attractiveness Index (MAI), India ...
/ / Off-grid, Solar
India Was the Largest Cash Market for Off-Grid Solar Products in Second Half of 2018_ GOGLA

India Was the Largest Cash Market for Off-Grid Solar Products in Second Half of 2018: GOGLA

The total number of people accessing solar power has increased drastically with a better market penetration of solar off-grid products, according to the latest Global Off-grid Solar Market Report. The ...
/ / Off-grid, Solar
Industrial and Commercial Consumers to Pay for Solar Pumps for Farmers in Maharashtra

Off-Grid Solar Solutions Provider Oorja Wins $100,000 for Installing Solar Pumps

Oorja Development Solutions has won the Cisco Global Problem Solver Challenge for its community solar pumping systems implemented in rural India through the pay-as-you-go (PAYGO) business models. The cash prize ...
World Bank to Provide $224 Million for Off-Grid Solar in West Africa and Sahel

World Bank to Provide $224 Million for Off-Grid Solar in West Africa and Sahel

The  World Bank has approved an International Development Association (IDA) fund of $150 million and another $74.7 million contingent recovery grant from the Clean Technology Fund to help increase off-grid ...
/ / Off-grid, Solar
Fund for Off-grid Solar in Kenya

Off-Grid Solar Solutions Provider SolarHome Raises $10 Million in Debt Financing

SolarHome, a Singapore-based Pay-As-You-Go (PAYG) off-grid solar solutions provider in southeast Asia, has raised $10 million in debt financing from a consortium of international investors, including Crowdcredit, a cross-border crowdfunding platform ...
/ / Finance and M&A, Solar
Off-Grid Solar Market Remains Buoyant Despite 7% Dip in Sales

OPIC Commits $25 Million for the Expansion of Off-Grid Solar in Asia and Africa

The Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance institution, has committed $25 million in financing to the Solar Energy Transformation Fund LLC, which will provide loans to ...
/ / Markets & Policy, Solar
Solar: a Game Changer for India’s Agricultural Sector

Solar: A Game Changer for India’s Agricultural Sector

This article is the second part of a series how solar is affecting different critical sectors in India. The first article addressed solar’s impact on India’s water usage. Solar power ...
/ / Mercom Research Focus, Other
Kazang Solar Bags $1.6 Million to Provide Off-Grid Solar Solutions in Zambia

Kazang Solar Bags $1.6 Million to Provide Off-Grid Solar Solutions in Zambia

Kazang Solar, distribution partner of Azuri Technologies in Zambia, has been awarded $1.6 million from the Africa Enterprise Challenge Fund (AECF) to provide solar home lighting products to more than ...
/ / 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
Rooftop, Off-Grid and Decentralized Solar the Fulcrum of Electricity Access to all Indians

Rooftop, Off-Grid and Decentralized Solar the Fulcrum of Electricity Access for All Indians

The government of India recently claimed total electrification of 597,464 inhabited villages in the country with the electrification of Leisang village in the Senapati district of Manipur. Though the grid ...
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
Madhya Pradesh’s 35 MW Solar Rooftop Tender Sets Historic Lowest Tariff of ₹1.58/kWh

MNRE Issues Benchmark Cost for Off-Grid Solar Systems and Distributed Solar Generation

The Ministry of New and Renewable Energy (MNRE) has notified the new benchmark cost for off-grid solar photovoltaic (PV) systems and rooftop solar projects for the financial year (FY) 2018-19 ...
31 Companies Submit Bids for 35 MW Solar Rooftop Tender by Madhya Pradesh

MNRE Invites Suggestions on Setting Standards for Rooftop and Off-Grid Solar Projects

The Ministry of New and Renewable Energy (MNRE) has invited suggestions on construction standards for civil, mechanical, and electrical works for rooftop solar and off-grid solar PV systems. The ministry ...
/ / Rooftop, Solar
Off-Grid Solar Products Sales in India Totaled $36 Million in the Second Half of 2017

Off-Grid Solar Products Sales in India Totaled $36 Million in the Second Half of 2017

During the second half of 2017, companies selling off-grid solar products reported sales worth $115 million from 4.14 million products sold worldwide, installing around 22 MW of solar panels. Sales volume jumped ...
/ / Off-grid, Solar
Solar Solutions Provider d.light Raises $50 Million in Debt Financing

Solar Solutions Provider d.light Raises $50 Million in Debt Financing

Off-grid solar solutions provider d.light has successfully raised $50 million in funding from the European Investment Bank (EIB), responsAbility Investments, Social Investment Managers & Advisors (SIMA), SunFunder, and another mission ...
Solar Solutions Provider Pawame Raises $2 Million to Increase Footprint in Kenya

Solar Solutions Provider Pawame Raises $2 Million to Increase Footprint in Kenya

Abu Dhabi-based off-grid solar power provider Pawame has raised $2 million from Gulf investors to provide sub-Saharan African households with solar power solutions. This seed funding will be utilized by ...
M-KOPA Partners with Mastercard to Provide Off-Grid Solar Solutions in Africa

M-KOPA Partners with Mastercard to Provide Off-Grid Solar Solutions in Africa

M-KOPA Solar, a Pay-As-You-Go (PAYG) energy provider to off-grid homes, has partnered with Mastercard to provide electricity access to households in Africa. The partnership will provide Africans living without electricity ...
/ / Markets & Policy, Solar
Off-Grid Solar Solutions Provider SolarHome raises $1.2 Million in Convertible Note Offering

Off-Grid Solar Provider SolarHome raises $1.2 Million in Convertible Note Offering

Singapore-based Pay-As-You-Go (PAYGO) solar off-grid solutions provider SolarHome, announced that it has raised $1.2 million in convertible note offering. According to a press release, SolarHome has raised over $2.3 million in funding to date, having ...
/ / Off-grid, Solar
Global Off-Grid Solar Sales Have Exceeded $3.9 Billion Since 2010

Global Off-Grid Solar Sales Have Exceeded $3.9 Billion Since 2010

Off-grid solar solutions have benefitted approximately 360 million people across the globe, according to a new report by the World Bank Group’s Lighting Global Program, Dalberg Advisors, and the Global ...
/ / Off-grid, Solar
Off Grid Electric Raises $55 Million to Expand Footprint in Africa

Off Grid Electric Raises $55 Million to Expand Footprint in Africa

African rooftop solar provider Off Grid Electric and global energy company EDF are expanding their partnership in sub-Saharan Africa after Off Grid Electric received $55 million in Series D financing ...
/ / Finance and M&A, Solar
63 Solar Micro Grids Installed in India So Far

Sixty three Solar Micro Grids Installed in India So Far

The government has been seriously pursuing the advancement of solar micro grids in the country. Speaking in the Lok Sabha, Union Minister of Power R.K. Singh apprised the House that ...
/ / Off-grid, Solar
Church Pension Fund Infuses $17 Million to Promote Solar Energy in South Asia

Church Pension Fund Infuses $17 Million to Promote Solar Energy in South Asia

The Church Pension Fund (CPF) has invested $17 million (~₹1.07 billion) to provide financing to organizations that promote green energy initiatives. CPF is a financial services organization that serves the Episcopal Church ...
/ / Off-grid, Solar
HAREDA Tenders Over 1 MW of Off-Grid Solar Projects for Health Centers

HAREDA Tenders Over 1 MW of Off-Grid Solar Projects for Health Centers

The Haryana Renewable Energy Development Agency (HAREDA) has tendered over 1 MW of off-grid solar projects for health centers across the state. The bid submission deadline is January 2, 2018 ...
/ / Off-grid, Solar