Nigeria and Ghana-based Starsight Energy has spent an undisclosed amount to acquire a half stake in the Kenyan subsidiary of East African peer Premier Solar Group.
The International Renewable Energy Agency has combined energy infrastructure commitments across a huge swathe of the continent with hundreds of regional sites which offer rich solar and onshore wind potential, to determine what could be possible.
Patrik Huber, co-founder and managing director for East Africa at renewables leasing company Solarise Africa, has spoken to pv magazine about the company’s take on how the region can prime for a green recovery. Huber explained Solarise’s contribution to the recovery includes recent expansion into three new countries.
Pending final closing, the Electrification Financing Initiative has announced it is considering private equity investments of €1.5 million to two French firms operating in Benin, Togo, Burkina Faso and Senegal, and $1.5 million to a Tanzanian business operating in Tanzania and Uganda.
Three solar plants totaling 15.4 MW will sell power to Tanesco under a PPA. The projects are being developed under new rules enabling independent power producers to participate in the country’s energy market.
A study has attempted to provide detailed analysis of the beneficial impact off-grid renewables, led by solar, are having on people in the world’s least developed countries.
The microgrid utility has raised enough capital from Shell New Energies to deploy systems across sub-Saharan Africa.
Industry body Gogla and the World Bank’s Lighting Global program said the last six months set a record for off-grid solar deployment. Solar home systems and other small off-grid appliances are being used in ever larger numbers.
Crossboundary Energy Access (CBEA) was established in January with large investment contributions from Rockefeller and Shell Foundations. The funding facility, which said it would work to unlock $11 billion in funding for the electrification of 100 million people in Africa, has penciled its first transaction with PowerGen Renewable Energy.