Equity investment to back 150 MW of commercial solar in Africa
Norwegian developer Empower New Energy has secured $74 million of mostly public funds from investors and will top it up to build a $100 million, three-year cash pile.
More than 100,000 more Kenyan households could get solar after $8m investment
EU development body Edfi Electrifi and impact investor Oikocredit will each take a $4 million stake in Canadian off-grid home panel business Solar Panda.
German solar supplier lands fresh $3m from EU entity
Redavia, which leases plug-and-play solar systems to commercial clients in Africa, secured the fresh credit line after settling a previous $2 million loan supplied by the EDFI ElectriFI European development finance institution.
Nigerian mini-grid program appears to have been scaled back
An initial intent to commission 28 local solar-plus-storage networks has now been stated as comprising “around 20” mini-grids, with delivery expected this year, rather than by the middle of the year.
Backing for solar-plus-storage mini grids in Lesotho
The 11 planned off-grid networks will offer clean power to around 20,000 people for €0.28/kWh, according to one of the EU bodies which is backing the project.
EU $6m credit line for solar appliances in Africa and South East Asia
Energy access entity EDFI ElectriFi has offered the revolving credit facility to a Californian distributor which supplies affordable, pay-as-you-go-enabled devices.
EU finance to back solar pumps and lanterns in Tanzania
European development campaign the Electricity Financing Initiative has invested around €1.26 million in a €1.5 million bond issued by domestic solar products supplier Simusolar.
PowerGen closes funding for electricity access for a million people
The microgrid utility has raised enough capital from Shell New Energies to deploy systems across sub-Saharan Africa.
