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.
Bboxx rents out offgrid PV systems and TVs to rural villagers across Africa. Customers can buy electricity under a mobile-based pay-as-you-go model.
The Economic Community of West African States should prioritize the development of solar PV to meet surging energy demand over the next 30 years, according to a newly published study.
With the country’s first procurement exercise for bigger projects, the Togolese government intends to develop solar parks with a combined generation capacity of up to 80 MW. The tender is being held under the umbrella of the World Bank’s Scaling Solar initiative.
A unit of Dubai-based Amea Power will build the project in Blitta prefecture, in the center of the West African country, with all electricity to be sold to Togo Electric Power Co. (CEET) under a long-term power purchase agreement.
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.
The “next-generation” utility has presented a micro-grid at a Togolese village. The concept can be reproduced and power schools, small businesses and homes alike. Even an internet connection is part of the project. Despite the World Bank and other institutions reaching out to provide capital for electricity supply, Germany-based Mobisol GmbH is currently in self-administered insolvency proceedings.
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