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 ...
/ / Markets & Policy, Solar
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
Greenlight Planet Raises $60 Million for Off-Grid Solar Financing

Greenlight Planet Raises $60 Million for Off-Grid Solar Financing

Greenlight Planet, a solar home energy company, has raised $60 million (~₹3.86 billion) in funding from a group of investors led by London-based private equity fund manager Apis Partners. Greenlight ...
/ / Finance and M&A, Solar
Off-Grid Solar Market Remains Buoyant Despite 7% Dip in Sales

Report: Off-Grid Solar Market Remains Buoyant Despite 7% Dip in Sales

Although the worldwide sales of off-grid solar products declined by 7 percent in the first six months of 2017 compared to the final six months of 2016, the market remains ...
/ / Off-grid, Solar
Engie Enters African Off-Grid Solar Market with the Acquisition of Fenix International

Engie Enters African Off-Grid Solar Market with the Acquisition of Fenix International

French multinational energy conglomerate Engie announced that it has reached an agreement to acquire 100 percent of Fenix International, a next generation energy company that offers solar home systems (SHS) ...
/ / Finance and M&A, Other
M-KOPA Solar Secures in Commercial Debt Funding

M-KOPA Solar Secures $80 Million in Commercial Debt Funding

M-KOPA Solar, a pay-as-you-go energy provider to off-grid homes, has secured $80 million of committed financing. The company will utilize the funds over the next three years to provide finance ...
/ / Finance and M&A, Solar
CEEW Study Solar PHCs

Solar Power Drastically Improves Healthcare Systems in Chhattisgarh: CEEW

In a study, the Council on Energy, Environment, and Water (CEEW) found that solar-powered primary healthcare centers (PHCs) in Chhattisgarh admitted over 50 percent more patients and conducted almost twice ...
/ / Off-grid, Solar
Fund for Off-grid Solar in Kenya

World Bank Approves $150 Million Fund for Off-grid Solar in Kenya

The World Bank approved an International Development Association (IDA) fund of $150 million for Kenya. The fund will be utilized to help communities in Kenya gain access to modern energy ...
/ / Finance and M&A, Solar