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.
Scatec lands PPA for Lesotho’s first independently built solar plant
The nation’s first independently developed solar farm will have a generation capacity of 20 MW and will sell electricity to the national utility under a 25-year contract.
Crossboundary offers up its mini grids business model for African peers to benefit
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.
CBEA lets loose first $5.5 million for 60 minigrids in Tanzania
Crossboundary Energy Access (CBEA) was established in January with large investment contributions from Rockefeller and Shell Foundations. The funding facility, which said it would work to unlock $11 billion in funding for the electrification of 100 million people in Africa, has penciled its first transaction with PowerGen Renewable Energy.
$126 million earmarked for small-scale RE in Africa
During COP24, U.K. Energy Minister Claire Perry announced that her government will increase its efforts to help bring clean energy to Sub-Saharan Africa. A total of $126 million will be channeled via the REPP platform, which has already realized 18 projects with a considerable number of beneficiaries.
