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 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.
The second Solar and Off-Grid Renewables West Africa event in Ghana in April heard mixed views on the progress of solar in the region. But with the first projects reaching completion and others moving forward, brighter times seem to be around the corner. Tom Kenning reports