Two investors backed by the charitable foundations set up by energy giants have seed-funded the cash pot to lend to African solar companies, who will be able to buy solar kit cheaper thanks to the economies of scale offered by the aggregation of orders.
The ARM-Harith Cities and Climate Transition Fund will feature public and private finance, according to the joint venture behind it.
‘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.
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.
The effect the coronavirus pandemic is having on energy systems and environmental policy in Europe was discussed at a recent machine learning and climate change workshop, along with the help artificial intelligence can offer to those planning electricity access in Africa.
Artificial intelligence (AI) can play a key role in combating climate change, including by application in the renewables industry. Dustin Zubke is watching this week’s International Conference on Learning Representations workshop to find out how, after the Addis Ababa conference was moved online because of the Covid-19 pandemic.
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.
Crossboundary Energy Access – which claims to be the continent’s first mini-grid financing facility – wants to unlock $11 billion in private capital to bring energy to 100 million people in sub-Saharan Africa. Raising capital has been a struggle despite mini-grids being lauded as a solid solution for electrification.
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