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African Development Bank sets up $500m facility for sub-Saharan small scale renewables

The new credit lines are for the development of on and off-grid renewable energy projects. The European Commission is offering the fund a €40 million helping hand.

Mexico reaches 4 GW milestone

Of the nation’s installed operational PV capacity, 3,364 MW is in the form of solar parks while distributed generation contributes around 693 MW.

Five takeaways from the Africa Energy Forum 2019

At the 21st AEF, held last week in Lisbon. pv magazine had two journalists on the ground and here reports on five key findings.

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Africa Energy Forum: $0.09/kWh the norm for African solar

The 21st Africa Energy Forum, this year in Lisbon, kicked off yesterday and will run until Friday. The meeting offers an insight into the continent’s energy markets.

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Marubeni leads $26m investment in off-grid African solar

The Japanese conglomerate is leading a $26 million equity investment in Azuri Technologies, which provides pay-as-you-go solar home solutions to off-grid communities throughout sub-Saharan Africa.

Growth slows in India as developers add 1.7 GW of solar in Q1

The country’s solar installations fell 49% year-on-year in the first three months of 2019, with rooftop PV additions plunging as installers struggled to secure approval for projects immediately before the Indian general election, according to new statistics from Mercom India Research.

Solar the key to progress on global access to electricity

A tracking report from five major international agencies finds the world is lagging behind sustainable development goals for 2030. While more effort is needed to reach some of the world’s poorest populations, though, notable progress has been made in reducing the electrification deficit, thanks to off-grid solar and minigrids.

EU Council of Ministers gives final green light on clean energy package

Long awaited – and even longer debated – the 1000 pages of legislation have finally been adopted by all EU institutions. Over the coming 18 months, there will be changes, some big, some small, to the markets in Europe. Across the continent, the renewable energy industry is likely to benefit.

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Off-grid solution for Haiti electrification to receive $17 million funding

The government of Haiti and the World Bank have put in place a financial instrument to provide access to capital for companies active in clean off-grid energy solutions. The aim is to power 200,000 households over 10 years.

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Bboxx secures $8 million loan to boost Rwanda operations

The off-grid solar system supplier has received the finance in Rwandan francs to mitigate currency risk and expand operations in its biggest market.

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