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Covid-19

African PAYG solar companies have hogged 72% of sector’s investment

The first post-pandemic update on the state of the world’s off-grid solar industry has painted a picture of domination by European companies, but highlighted the potential for new startups in West Africa and an increasing use of PV as a backup to unreliable grid supplies.

Off-grid solar continues to expand

The off-grid solar sector has shown resilience in the face of pandemic-related challenges, with 70 million people gaining access to electricity from early 2020 to the end of 2021. However, the ability to pay for solar energy kits has taken a hit.

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AfDB announces cheap loans to back off-grid solar in Africa

The African Development Bank has announced that European and US donors will provide $20 million of concessional loans to support pay-as-you-go solar companies in sub-Saharan Africa.

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Irena gives latest update on stark chances of electricity access for all by 2030

The International Renewable Energy Agency’s latest annual report on the progress towards UN sustainable development goal seven estimates 670 million people will still lack electricity in 2030, and more than 2 billion will be reliant on unhealthy, polluting cooking methods.

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Poland prioritizes renewables in pandemic-recovery plans

It should come as no surprise that clean energy spending is a big chunk of Warsaw’s four-year EU grant and loans package, given that the nation’s grid-connected solar capacity rose from 3.99 GW at the end of 2020 to 6.3 GW four months ago, according to the International Renewable Energy Agency.

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Irena fleshes out chilling effect of Covid on off-grid solar

The clean power numbers published annually by the International Renewable Energy Agency provide a snapshot of the global solar market and, this year, a lot of figures were unchanged from the previous dataset, especially in the off-grid segment.

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Indebted Chinese developer spells out obligations in unaudited figures

Covid-19 has left Shunfeng International’s accountants unable to publish its official 2021 numbers on time, but its estimated figures announced a net current liability of almost $155 million and a “capital deficiency” of near $140 million.

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The sun is still shining on poly makers but solar developers struggling in China

Polysilicon maker Xinte is forging ahead with a huge expansion strategy just as solar developers at the opposite end of the industry continue to bleed cash.

African Development Bank offers local-currency credit to Nigeria’s clean power developers

Lack of locally-denominated finance, and of sufficiently long-term loans, are well established hurdles to the development of photovoltaics in Africa.

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Solar helps Bangladesh to universal access to electricity

A decade on from energy rationing, head of state Sheikh Hasina is poised to announce the achievement of an historic goal which has been made possible with the help of off-grid photovoltaics.

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