BBOXX has successfully closed a US$50 million Series D funding round that will see the next generation utility company accelerate its global expansion efforts.
BBOXX has secured a US$8 million loan from the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF) that will see the company accelerate its roll-out of solar home systems across Rwanda, its largest market.
The distributed renewable energy (DRE) sector, necessary in a world with millions of people without power, is being held back by a chronic shortage of skilled workers. Indeed, Sub-Saharan Africa (excluding South Africa) has just 16,000 people working in renewable energy in a region with 600 million un-electrified people, according to the founders of a new campaign aiming to fill this skills gap.
French power giant EDF has acquired a 50% stake in the Togo-focused unit of off-grid renewable energy specialist BBOXX, with EDF adding its financial clout to speed up solar home system deployments and its technical expertise to improve the energy storage offering.
UK-based off-grid renewables specialist BBOXX and GE have signed off on a partnership to provide energy access for small businesses, schools and other organisations in Goma, Democratic Republic of Congo (DRC).
UK-based off-grid clean energy specialist BBOXX is partnering on projects in southern Africa with DC Go, a provider of affordable off-grid electrification.
UK-based off-grid renewables specialist BBOXX has signed a deal with the Government of the Democratic Republic of Congo (DRC) to bring clean power to 2.5 million citizens across the African country by 2020, via off-grid solar kits and mini-grids.
Seychelles to tender for 4MW of saltwater floating solar, Karnataka signs PPAs for 640MW of solar, BBOXX to tap UK impact investors to raise £2.5 million annually.
