FMO
Off-grid solar access solutions for Africa identified in report
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.
Ascent announces first rolling close of ARVF II at more than $100 million
Ascent has announced the first rolling close of its Ascent Rift Valley Fund III (ARVF III) at more than $100 million.
Djibouti secures first renewables project: 60MW wind farm
Landmark investment secured for the construction and operation of a 60MW wind farm in the Ghoubet area, near Lake Assal in Djibouti.
Tanzania: FMO backs $32.5m electrification facility
In Tanzania, an estimated 145,500 households will soon have access to reliable and affordable power through the recent signing of a $32.5 million finance facility.
Uganda: consortium raises capital to refinance Bujagali
A consortium of development finance institutions and commercial lenders today announced completion of the refinancing of more than $400 million loans of Bujagali Energy Limited (BEL), aiming to help reduce electricity costs in Uganda.
The...
Climate Investor One achieves third close at $535m
Climate Fund Managers, the fund manager of the innovative blended finance facility Climate Investor One (CIO), has achieved the Third Close at $535 million, increasing the facility by an additional $75 million.
CIO provides funding...
