U.K.-based off-grid developer, BBOXX and online renewable energy investment platform, Trine have raised €1 million from crowdfunded investments in less than one month. The financing will be disbursed at the beginning of April, to enable BBOXX to scale up its operations in Kenya.
Kenyatta University of Nairobi, has launched a Sh59 million (US$571,700) “Centre of Excellence” focused on the generation of solar energy in Kenya.
160,000 units have been sold to date by the company, which includes 90,000 Solar TVs. 62.5 million hours per month of kerosene-free lighting will be provided, which estimates calculate will save over 600,000 tones of CO2 over a period of four years.
The funds will be used to bring solar power solutions to the country’s under served northeastern counties.
Kenya signed this month PPAs for 160 MW of new solar PV plants at a price of US$0.12 per kWh. The price has sparked controversy.
The U.S. Trade and Development Agency will partner with Kenya-based engineering services provider Xago Africa on the development of the project. U.S. battery maker Suniva will supply a battery that will be combined with the facility.
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