The solar home system company, which enables customers to pay their solar electricity bill through an app on their mobile on a PAYG basis, has conducted a monumental funding round as it eyes expansion to become a fully-fledged pay-as-you-go utility.
Energy of Cameroon wants to build two solar parks to improve power supply in the country’s northern regions. The projects will be developed by a consortium led by Norwegian solar company Scatec.
Mini-grid solutions are becoming more popular to deliver electricity to rural areas. There are 1 billion people worldwide without access to electricity and off-grid solutions could be the cheapest and easiest solution for about 70% of them. It is estimated the market in the segment will be worth $64 billion by 2030.
Bank of China has agreed to lend $123 million for the country’s solar rural electrification program, while its power utility is planning to build three PV plants with a combined capacity of 35 MW.
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