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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.

Can your company donate solar kit to Ukraine?

An appeal has been launched to source off-grid power generation equipment for Ukraine, with companies and individuals able to donate hardware or cash.

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.

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Bboxx secures funds for 90,000 solar home systems in Kenya

The off-grid solar supplier said the fact its latest finance package is denominated in local currency will help encourage African commercial banks to be more ready to back PV.

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Locally-made panels used in 50 MW Jordanian solar project

The Al Husainiyah solar plant, 200km south of Jordanian capital Amman, began commercial operations a week ago with more than 200,000 panels manufactured by 30% joint owner Philadelphia Solar.

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International group offers $68m loans for struggling off-grid clean energy distributors

‘More than 90’ suppliers of appliances such as solar lanterns and home solar panels, as well as mini-grid installers, will be offered low-interest credit by an assortment of government-backed and privately-financed entities.

Biden administration aims to ramp up climate change funding for Africa

A webinar held to discuss the role of donor funding in the African energy sector was told the U.S. president has ambitious plans to ramp up donations to developing economies – provided he can get Congress on side.

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Bangladesh launches first green bond

With the World Bank celebrating the success of a solar home system installation program which has provided electricity to an estimated 20 million people, an NGO has floated a near-$12 million environmental investment which could drive further PV capacity.

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Scatec PV plant goes online in Ukraine

Realized under Ukraine’s feed-in-tariff scheme, the Kamianka plant is expected to deliver some 37 GWh per year and provide clean energy to more than 11,000 households.

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African Development Bank opens $50-60m pot for off-grid solar Covid recovery

The development lender has established a Covid-19 Off-Grid Recovery Platform with impact investors from the Netherlands, U.S. and U.K., to offer affordable loans to off-grid solar companies operating in Africa.

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