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.
Togo, Mauritius and Guyana will all receive backing for solar projects in the latest round of funding from the Abu Dhabi Fund for Development-IRENA Project Facility.
French energy giant EDF has acquired a 50% stake in off-grid developer BBOXX’s operation in Togo. The two will work together to boost access to electricity in the West African country, according to EDF, and the partnership is the first step, with plans to extend cooperation to more countries in Africa.
The U.K-headquartered provider of off-grid solar solutions has met with the President of Togo to secure a partnership with government to supply and install 300,000 solar home systems.
The government of the small African country has launched a program to bring solar power to two million people without access to electricity.
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