Some 15% of the finance disbursed must fit the wider definition of being ‘sustainable’ and banks and other lenders have been warned penalties will be applied for non compliance.
A new fund established by the African Development Bank could attract $650 million of private money into the sector, according to the lender.
The Kenyan financial services business has been developing rural mini grids across Africa and has announced plans to show its rivals how such networks can thrive, in a bid to accelerate access to electricity on the continent.
Part of the development lender’s $150 million Kenya Off-grid Solar Access Program, the money will enable distributors to stock up and establish sales networks as well as offering affordable repayment terms to customers across 14 off-grid counties in the East African nation.
The U.S.-based Mercy Corps has opened a call for expressions of interest in the installation of mini-grids at three refugee camps on the Somali border.
Researchers in Brazil have suggested using solar radiation databases and simulator software to scale PV-diesel mini-grid generators. The profiles of PV generation and mini-grid load demand are critical to finding the right balance, according to the academics.
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.
Almost all of the energy supplied in the Buddhist kingdom of Bhutan comes from 1.67 GW of hydropower capacity but with a rising population and energy demand, and an expanding economy, the 12 GW of solar the International Renewable Energy Agency estimates the Himalayan nation could host might reduce the risk of climate change-related blackouts.
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