Major oil company Shell and European utility ENGIE are among investors to have pumped US$20 million into Husk Power Systems, a developer of microgrids which is expanding its efforts in Asia and Africa.
Rooftop PV is the fastest growing renewable energy sub-segment in India, with individual system sizes increasing and the C&I sector maturing, but a new report by Bloomberg New Energy Finance (BNEF) predicts that India will still only reach 9.5GW out of its 40GW target by 2022.
Mitsui & Co., a major Japanese industrial conglomerate, has formed a Joint Venture (JV) with leading India mini-grid developer OMC Power to expand their mini-grid business into Africa. The new JV is part of a ¥1 billion (US$9 million) equity investment by Mitsui in OMC Power.
In an unprecedented move, the Indonesian Ministry of Energy and Mineral Resources has pushed through a rural electrification regulation. Andre Susanto, senior vice president and founder, PT Inovasi Dinamika Pratama, discusses how this regulation provides an opportunity for the private sector to engage in electrifying Indonesia's 12,000 villages currently without any access to electricity.