A new European Investment Bank and International Solar Alliance study outlines key affordability and investment issues holding back off-grid solar investment. The analysis identifies solutions to transform clean energy and how these could potentially unlock energy access for 120 million households.
Ghana’s Public Utilities Regulatory Commission (PURC) is improving its regulatory function by improving its ability to collect, analyse and monitor data.
Let’s take a closer look at the infrastructure projects underway in Africa so that you can decide on an adjective that best suits the outlook.
Business and markets
A newly launched Utilities 2.0 Twaake pilot project unites distributed renewable energy companies in Uganda to provide centralised and decentralised technology clean power solutions.
The minigrid business model – as fitting as it is in its endeavour to provide clean power – alone is not a best-case solution.
FSD Africa Investments (FSDAi) has invested $4.5 million in Nithio FI, a renewable energy financing intermediary focused on the Pay as You Go (PAYG) off-grid solar sector, to provide renewable energy solutions for households and small businesses in Kenya, Nigeria and Uganda.
Finance and Policy
The European Investment Bank (EIB) has approved $4.9 billion financing for renewable energy, clean transport, COVID-19 recovery, social housing and education. Of this amount, $95 million will be allocated to the East Africa Rift Geothermal Project.
Winch Energy, an off-grid utilities provider, is looking to raise up to $2.1 million through a crowdfunding campaign to accelerate the installation of renewable energy technology in Sierra Leone and Uganda.
Business and markets
The BUILD Fund has made its inaugural investment, setting up a $500,000 working capital facility for Kenyan distributor of solar products, Mwezi, which concentrates on last mile energy access measures.
Research and Development
On World Environment Day (June 5 2021), climate experts warn sustainable incomes for rural communities are key to protecting the planet.