Investors from Solarcentury and Actis imparted wisdom on how to manage the risks and reap the benefits of African PV at Solar Media’s Solar Finance & Investment Europe event.
Solar product distributor d.light has raised another US$10.5 million, bringing its total to US$40 million in four months for off-grid ventures in Africa and Asia.
Driven by steep cost declines in PV equipment, solar is now almost on a par with wind energy and will soon become the cheapest form of energy in developing nations, according to the Climatescope 2016 report from Bloomberg New Energy Finance (BNEF).
The International Finance Corporation (IFC) and FMO, the Dutch development bank have invested a collective €14.62 million (US$15.52 million) in Mobisol, a German pay-as-you-go (PAYG) solar service company, in order to deliver renewable energy solutions to off-grid communities in East Africa.
NLC tendering for 500MW(ac) in Tamil Nadu, Off-grid solar power for 1,000 villages in Arunachal Pradesh, Tamil Nadu 500MW utility-scale tender avoided.
The United States Agency for International Development (USAID) has announced US$4 million in new investments for off-grid solar in Africa during the COP22 conference in Marrakesh, Morocco.
The Obama administration is continuing a last-ditch push for renewables in the announcement of international clean energy funding and initiatives in a host of new incentives and international agreements that don’t require Congress’ consent.
Leading pay-as-you-go (PAYG) solar provider PEG Africa has raised US$1.5 million in debt financing that will provide for enough solar home systems for 75,000 residents in Ghana.
