Gigawatt Global, a multinational renewable energy company and partner of Obama’s Power Africa initiative, has broken ground on its 1GW solar programme with the 7.5MW solar project in Burundi.
In this week's Movers & Shakers segment, PV Tech focuses mainly on executive shifts in US solar companies involved in storage, trackers, residential loans and more. The African Development Bank is also revamping its management board, with a new head of Renewables.
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.
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.
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.
Saudi Arabia has reiterated its commitment to working towards mitigating the effects of global climate change at the 22nd UN Climate Change Conference in Marrakech.
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.
