The West African Development Bank (BOAD), Emerging Africa Infrastructure Fund (EAIF), the National Bank of Agricultural Development of Mali (BNDA), Green Africa Power (GAP) and GuarantCo have agreed to finance a 50MW PV project in Mali.
Africa’s largest private equity firm has led a round of financing for Off Grid Electric to fuel the microgrid provider’s expansion in the continent, with investors including an arm of General Electric (GE).
Fortum, Futurice and Boond start the first Solar2Go pilot project in India, China donates thousands of solar systems to Nepal, BBOXX launches cloud-based task management platform
InfraCo Africa has partnered France-based developer Solvéo Energie by committing up to US$3.1million for a 45% equity interest in the development of a 40MW solar project in the Republic of Guinea.
Sri Lanka’s CEB tenders 10MW of solar in North Central Province, Minas Gerais looking at special financing for micro and mini-generation, Energy 4 Impact granted US$1 million for small-scale solar irrigation in Rwanda
The Church Pension Fund (CPF), a financial services organization that serves the Episcopal Church, has invested US$17 million in a fund that provides loans to microfinance institutions, distribution companies, and manufacturers in the off-grid solar sector in sub-Saharan Africa and South Asia.
A five-point Plan has been devised by The South African Photovoltaics Industry Association (SAPIA) to support development starting, with a target of building 1.5GW of PV annually.
African safari lodges are increasingly taking up solar and storage options, not only to minimise environmental impacts of diesel generators, but also to improve power supply reliability, which can affect customer reviews for these holiday lodges.
