Apis Partners provides Greenlight Planet with $60 million in funds
The U.S.-based off-grid specialist will use these financial resources to expand its business in Asia and Africa.
Switching to solar can boost education, prosperity for developing world, study finds
Research from the Overseas Development Institute estimates that children in developing world can gain 15 minutes extra study time a day if their homes switch from fossil fuel to solar, while households can enjoy savings of $10 per month.
BayWa r.e. connects pilot PV+storage project in Zambia
German PV developer BayWa r.e. has completed an 86 kW PV + storage project, which will power irrigation equipment for farmers in Zambia. The project marks Baywa r.e.’s first entrance on to the African continent, where the company says it has significant plans for expansion.
Off-grid solar has saved $5bn in energy spending since 2010, finds World Bank Group, GOGLA report
Despite 7% lower product sales, the latest global Off-grid solar market report from the World Bank Group reveals that market is thriving. However, industry needs to move quicker if it is to achieve global 2030 universal energy access goal.
SolarNow financing facility aiming to reach 70% of rural Uganda with off-grid systems
SolarNow and fellow investors SunFunder, Oikocredit and ResponsAbility Investments have announced a $6 million receivables financing facility for the installation of off-grid solar systems in the African nation of Uganda.
Remote community in Guyana receives 400 kWp solar+storage system from Meeco
The off-grid ground-mounted solar and battery project will be carried out by Meeco and Oursun, providing remote regions of Guyana such as Mabaruma with clean energy, while reducing their fossil fuel consumption.
US grid-tied residential storage surpasses off-grid use, finds GTM report
Until 2017, most residential battery storage systems were installed off-grid – but GTM Research says 2017 is the year that changes – and changes dramatically.
Mobisol to introduce new financing model to Tanzania’s off-grid sector
German off-grid expert Mobisol has announced plans to cooperate with two energy funds managed by responsAbility, an asset manager specializing in development investments. The deal will fuel further growth for Mobisol in the off-grid pay as you go sector, initially in Tanzania.
Mozambique launches $500 million electrification program based on hydro, solar, microgrids
The government of the eastern African nation has revealed plans to bring power to remote areas in the provinces of Maputo, Gaza, Inhambane, Sofala, Manica, Tete, Zambézia, Nampula, Niassa and Cabo Delgado.
World Bank finances Niger’s off-grid solar initiative with $50 million
The funds, provided by the International Development Association (IDA), will finance a project aimed at increasing access to electricity in rural and semi-urban areas of the Republic of Niger.
