Category: Alternative & Renewable Energy
Daystar Power raises $38m for West Africa expansion
Solar energy solutions company Daystar Power has raised $38 million, mostly from development finance institutions, to expand operations across West Africa, it said on Tuesday.
AfDB approves $15m for clean energy generation in sub-Saharan Africa
The African Development Bank’s board of directors have approved $15 million from the Sustainable Energy Fund for Africa (SEFA) and $10 million from the Clean Technology Fund (CTF) to advance African Renewable Energy Fund (AREF) II’s projects to boost low-carbon energy generation in sub-Saharan Africa.
FG unveils new energy access project ‘Solar Power Naija’
The Federal Government of Nigeria has launched a ‘Solar Power Naija’ project, a programme focussing on 5 million solar connections for off-grid communities as part of the Economic Sustainability Plan (ESP) in response to the COVID-19 pandemic.
CrossBoundary Energy raises $40m to grow C&I solar projects in Africa
ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARCH ARPF) is providing $40 million in new equity funding to exit initial investors and support CrossBoundary Energy to continue to develop, construct and operate distributed Commercial & Industrial (C&I) solar projects that will provide businesses across Africa with access to cheaper, cleaner power.
Africa Energy Forum and AFSIA celebrate 15 winners of AFSIA Solar Awards 2020
More than 130 entries were submitted across the different categories from all over the continent over the past few months.
Another major breakthrough for solar energy
That partnership appears to be bearing fruit, with the consortium recently announcing highly encouraging advancements in perovskite technology that could boost the efficiency of perovskite solar cells from the current ceiling of ~25% to a dreamy 66%.
5 years of climate leadership: The World Bank Group’s first climate action plan
And as countries embark on cleaner energy pathways and transportation, they should think through how to ensure a just transition for fossil fuel-dependent communities. “In order to effect a transition which is going to be successful we will have to find ways of mitigating the impact on people who work in the coal economy,” says Ranjit Lamech, Infrastructure Director for the World Bank’s East Asia and Pacific Region.
Renewable energy remains one of America’s most attractive investment options
In ACORE’s new analysis, Expectations for Renewable Energy Finance in 2020-2023, both investors and developers reported confidence in the continued growth of the renewable energy sector over the next three years.
ICELLPOWER unveils Innovative Tall Tubular Batteries
“At ICELLPOWER, we have continually delighted our ever-growing customer base with pocket friendly prices and regular promotional offers just like with the newly introduced tall tubular batteries.”
USTDA grant to support privately generated renewable energy in Nigeria
The United States Trade and Development Agency (USTDA) has awarded a grant to Abuja-based Konexa for a feasibility study that will evaluate Nigeria’s access to reliable, privately generated renewable energy.