UK-based off-grid solar company BBOXX has secured a pioneering package of US$4 million in debt financing from Togo-based bank Union Togolaise de Banque (UTB) to expand its services across the African country.
Mastercard and off-grid solar firm M-KOPA are to pilot a new payment technology to support pay-as-you-go (PAYG) solar opportunities in Uganda, with plans to roll out across East Africa.
Inspired Evolution has signed off on a deal to invest up to US$36 million in Alten RE Developments Africa, the Sub-Saharan African subsidiary of Alten Energías Renovables.
Bodies from the UK government and the United Nations are partnering on improving access to solar in Uganda, where 70% of the population has no electricity.
Gostaresh completes 10MW PV project in Sistan and Baluchestan, Zambia readies 100MW solar tender under GET FiT programme, ADB launches government rooftop PV projects in Micronesia, Seraphim module supply agreement in Mexico with Solar Center.
African Infrastructure Investment Managers (AIIM) has invested in Starsight Power Utility, a Nigeria-based energy services company providing solar-diesel-battery hybrid and efficient cooling and lighting solutions to its commercial and industrial clients.
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.
