Mobisol has secured funding from Finnfund for its East Africa expansion, CEFC's investment commitments more than doubled last fiscal year, Acciona is supplying renewable energy to Latin America's largest retail store chain, Sungrow has supplied inverters and an energy storage system to the Bahamas.
Whilst African solar is still firmly an emerging market, investors have confirmed that issues remain with development finance, insofar as it is holding back the market from truly taking off. Whilst development finance institutions (DFIs) are a crucial part of allowing the market to find its feet, the continent’s economic infrastructure needs to move beyond the realm of development finance for commercial financiers to be enticed.
Off-grid solar product distributor d.light has partnered with cloud-based microfinance institution Musoni to expand access to solar for low-income consumers in Kenya.
The US Trade and Development Agency (USTDA) is continuing its mission of funding priority development projects in emerging economies, this time by signing two grants that leverage US technology and investment to increase access to affordable, reliable electricity in Kenya.
Ecoligo is a Berlin-based crowdfunding start-up for solar projects in Africa’s commercial and industrial (C&I) market. Even though it is a company still very much in its infancy, it is already making waves by providing competitive alternatives to traditional bank loan products and connecting German private investors to tailored off-takers.
The Kenyan Rural Electrification Authority’s (REA) chairman, Dr. Simon Gicharu, announced this week that the construction on a 55MW solar project in Kenya is set to begin.
Commercial, industrial and residential solar provider SolarAfrica has installed what is claimed to be East Africa’s largest industrial solar system in Kenya.
An open fund for solar energy and energy storage in various emerging markets has been launched by Franck Constant, the co-founder of Sonnedix Group and director of Sithe Pacific, PV Tech can reveal.
The World Bank will finance various energy, water and infrastructure projects in northern Kenya under its US$1.1 billion North-eastern Kenya Development Initiative, according to reports.
