Marubeni Corporation has signed off on an agreement to acquire a stake in Azuri Technologies, entering into the solar home systems sector for off-grid areas in Africa. As a result of this deal, Marubeni’s investment will make the company the largest shareholder of Azuri.
RP Global, an independent renewable energy developer and majority shareholder of JUMEME Rural Power Supply has commenced construction on the first phase of a solar-hybrid mini-grid project in Tanzania.
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).
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.
Mobisol has secured funding from Finnfund for its East Africa expansion, CEFC's investment commitments more than doubled last fiscal year, Acciona is supplying renewable energy to Latin America's largest retail store chain, Sungrow has supplied inverters and an energy storage system to the Bahamas.
Emerging market project developer, owner and operator Access Power has announced the shortlist of winners for financing under its Access Co-Development Facility (ACF) fund, with solar forming the largest share of projects.