Mali-based off-grid solar startup, Energy+ has raised over a million US dollars funding from a number of financiers. The consortium of financing partners includes: VentureBuilder, which led the round, a grant from United States African Development Foundation (USADF) and a debt facility from Cordaid Investment Management (Cordaid). Energy+, which was founded in May ...
Kenyan energy company, KenGen, has announced its plans to roll out facilities for electric car charging systems in Kenya. The move is being made in preparation for the possible roll out of electric Public Service Vehicles (PSV). KenGen's Strategy and Innovation Director, David Muthike said in a webinar hosted by ...
Khainza Energy Limited is committed to improving access to sustainable energy among low income populations by transforming organic materials into high quality, affordable and long lasting cooking gas packaged in cylinders. The firm transforms livestock and household waste into biogas through a biochemical process called anaerobic digestion. The gas is ...
BBOXX, a next generation utility, has signed a pioneering deal with the Government of the Democratic Republic of Congo (DRC), which will bring reliable, renewable electricity to 2.5 million citizens in the DRC by 2020. The DRC Government’s “Energie pour Tous” initiative, which puts off-grid solar at the heart of ...
Social impact investor Oikocredit has made a € 1 million convertible loan to Inyenyeri, a fuel-utility company providing clean and environmentally-friendly cooking solutions in Rwanda. The announcement was made today at the Sustainable Energy for All Forum in Lisbon, Portugal. According to Eric Reynolds, CEO at Inyenyeri, “The Inyenyeri Fuel+Stove system ...
The Africa Mini-grid Developers Association (AMDA) has been established as a trade association — currently numbering 11 member companies including innovative start-ups and established utilities. The association aims to combine private sector innovation, efficiency, and customer service with public sector support to help end energy poverty across Africa. AMDA is ...
CrossBoundary and the Rockefeller Foundation today unveiled the Mini-Grid Innovation Lab, the first in Sub-Saharan Africa that focuses exclusively on testing business model innovations in the mini-grid sector to help address over 600 million people in Sub-Saharan Africa who still lack access to electricity. According to Gabriel Davies, Head of ...
Lendahand Ethex and BBOXX have announced a new Energise Africa partnership to raise £2.5m in total through a series of smaller investment offers, allowing BBOXX to extend its roll out of life changing solar systems across Rwanda, Togo, Democratic Republic of the Congo and Nigeria. The first offer, launched today, ...
Over the last 9 months, Azuri Technologies has raised £1.7M to deliver power to some 16,000 households via the Energise Africa platform, run by UK's Lendahand Ethex. Energise Africa provides information on a range of possible solar investments and allows lenders to keep an eye on the performance of their investment. ...
Energy 4 Impact has said it will involve community members in the development and operation of mini-grids in Rwanda under its Sida-funded Scaling Off-Grid Energy in Rwanda (SOGER) programme, These will see community-owned cooperatives join forces with mini-grid developers to construct pico-hydro grids at 10 sites across Rwanda, providing clean energy ...
BBOXX, an off-grid solar systems firm operating across Africa has raised €1 million to expand its operations in Kenya to deliver the on-grid experience to a further 10,000 households. The €1 million target was hit on 9 March, making it the fastest fundraise of debt finance ever in the industry over crowdfunding ...
BBOXX, a next generation utility, has today launched Pulse, a cloud-based task management platform to help distributed businesses to improve efficiency and enhance their customer service. The firm says Pulse will help distributed energy businesses in developing countries manage customers, products and employees dispersed across a range of remote locations ...
Off-grid solar company Pawame has been selected as a semi-finalist for the Innovate for Refugees Competition organized by the MIT Enterprise Forum - Pan-Arab Region for generating affordable, clean and safe energy to the residents of Kakuma Refugee Camp in northwestern Kenya. According to Majd Chaaya, Pawame’s Chief Technology Officer, “The ...
Off Grid Electric – a leading rooftop solar provider in Africa has secured $55 million in Series D funding led by Helios with support from GE Ventures and existing investors to expand across Africa. Off Grid Electric and EDF will expand their partnership in West Africa by offering off-grid solar solutions to households ...
ENGIE has acquired Afric Power and Tieri, two companies specialising in energy services in West Africa to quickly expand and become one of the leaders in energy services in West and Central Africa. The two firms specialize in the design, installation and maintenance of electrical systems and automated control mechanisms in ...
Mobisol is partnering with Tanzania's Phenix Recycling to safely dispose of expired electronic parts in over 75,000 Mobisol solar systems distributed in Tanzania to date. According to Phenix Recycling's founder, Athina Kyriakopoulou, “Responsible e-waste management is not only an environmental issue but also a business challenge to ensure the security ...
Husk Power Systems, a rural distributed utility company operating mini-grids in Asia and Africa has raised $20 million equity investment led by Shell Technology Ventures with participation of Swedfund International and ENGIE Rassembleurs d’Energies to accelerate its growth to develop what the International Energy Agency estimates as a $190 billion mini-grid ...
Mobisol, a Germany-based provider of decentralized solar solutions, has successfully installed a capacity of 10 MW and electrified over 500,000 people in East Africa to date. Operating in Kenya, Tanzania and Rwanda, the smart rent-to-own solar systems distributor provides solar solutions beyond lighting and focuses on the development and supply of ...
French energy group ENGIE has acquired 100% of Fenix International, a next generation solar home systems well known for its ReadyPay Power system which provides lighting, phone charging and power for TVs and radios in Uganda and Zambia. Fenix International's ReadyPay Power is offered on a lease-to-own basis so that off-grid ...
Mobisol which operates in East Africa and Baobab+, a principal solar distributor in West Africa, have joined hands in a partnership to boost the solar revolution in Ivory Coast. Baobab+ will be distributing Mobisol’s all-in-one solar system throughout the country in a move to provide reliable high-tech solar hardware and ...
4 out of 5 African families depend on agriculture for their livelihoods, but just 4 percent use irrigation with the rest relying on increasingly unreliable rainfall. Switching to irrigated agriculture increases yields by 90 percent when compared to nearby rain- fed farms, but high diesel costs make irrigation an unaffordable ...
Angaza, a Pay-As-You-Go solar tech platform and clean energy products manufacturer targeting off-grid consumers, has closed a $10.5 million in Series B financing led by Emerson Elemental, and included investments from Rethink Impact, Salesforce Ventures, Social Capital, and the Stanford StartX Fund. The firm says it will use the funds to ...
Less than 20% of all buses sold globally meet the definition of soot-free, with the vast majority being diesel powered. Older generation diesel technology produces high levels of black carbon emissions, or soot, which are amongst the most dangerous pollutants for public health and a major contributor to climate change. ...
Total is set to acquire EREN RE, a wind, solar and hydro firm to accelerate its growth in the production of power from renewable sources. The firm has announced it will acquire an indirect interest of 23% in EREN RE for an amount of €237.5 million and will take over ...
Fenix International, a venture-backed pay-to-own home solar system technology and and financial services firm has raised funds from MTN, the Swedish Embassy in Zambia and USAID to launch pay-to-own solar home systems in Zambia. The funding together with MTN’s distribution networks will help the firm reach unbanked and off-grid customers ...
From left to right: Joe Segal (BBOXX), Mansoor Hamayun (CEO, BBOXX), H.E. President Faure Gnassingbé, Thomas Chevilotte (BBOXX advisor), Honorable Minister Cina Lawson, ICT Minister, and Honorable Minister Marc Bidamon, Minister of Energy. (PRNewsfoto/BBOXX) BBOXX, one of the UK's fastest growing renewable-energy businesses, met with H.E. ...
Mobisol has raised 10 million Euros from Finnfund (Finnish Fund for Industrial Cooperation Ltd.) to bolster its operations in Tanzania, Rwanda and Kenya. The funds will support Mobisol’s fast expansion in East Africa, where the company installed nearly 10 megawatts of capacity in Tanzania, Rwanda and Kenya, providing clean and ...
© Emmy Jonsson Swedish crowd-investment platform for profitable solar energy projects TRINE has raised 6 million EUR in Series A funding to scale its operations in East Africa and Europe and expand the crowd-investing platform’s funding capacity to reach more people. The funding round was led ...
The modern world runs on energy. This might seem obvious, but in terms of history, it is rather a dramatic development. Prior to the industrial revolution, human society used very little energy beyond what human labor, animal power, and what basic natural resources like wind, water and fire could provide. ...
UK and Tanzania-based pay--as-you-go solar energy solutions provider Solaris Offgrid has raised over €1M to fund R&D and grow into new markets – providing more homes and businesses with affordable, clean energy. The firm will use the funding to launch its operations across the developing world and in continuing to ...
