Colorado-based mini-grid specialist Husk Power has secured more than US$100 million in equity and debt funding aimed to grow its community solar mini-grids in rural sub-Saharan Africa and South Asia.
Renewables are set to contribute 80% of new power capacity to 2030 in the stated policies scenario (STEPS), with solar PV alone accounting for more than half of it, according to the International Energy Agency (IEA).
The International Financing Corporation has signed a deal with Moroccan state-owned phosphate mining and fertiliser producer OCP Group to partially finance 400MW worth of solar PV.